Who is truly suffering in the US-China tariff conflict?

President Trump recently announced a potential trade deal with China after extensive negotiations, aiming to alleviate tensions from ongoing tariffs and export halts. The agreement includes China resuming exports of rare earth minerals essential for U.S. industries, while the U.S. will ease restrictions on certain industrial exports. However, China has imposed a six-month limit on export licenses, creating uncertainty. This deal, while providing short-term relief, highlights ongoing strategic competition and unresolved issues in U.S.-China relations, particularly regarding technology access and trade imbalances.