On the first day of the second round of consultations, at 3:00 a.m. Beijing time, the US side was very positive. The finance minister said "good talks" and the commerce minister said "fruitful". Trump said that I had received all the good news, but the Chinese side did not express its views. It was completely different from the silence of both sides after the first Geneva talks. These remarks have also stimulated the market, indicating that the US is trying to guide market sentiment, while the Chinese side remains cautious and avoids revealing its chips. As mentioned yesterday, both sides have the motivation and willingness to promote talks recently. The United States is stuck with rare earth supply, and other countries' negotiations are slow and need further progress. China, on the other hand, has been affected by the recent economic downturn, with a further contraction in CPI and a slowdown in exports. External relaxation is also needed to stimulate the economy. The core is what former White House National Economic Council Director Hassett said in an interview with CNBC, "US export controls will be relaxed, and China will also release rare earths. The purpose of the talks is to ensure that they are serious. It depends on the extent to which both sides can relax export controls and further reduce tariffs.