After Trump and Vance, another senior American official couldn't sit still and called on China to give him a chance.

On October 13, U.S. Treasury Secretary Basent publicly stated that a 100% tariff increase on China does not have to occur, but China must lift restrictions on rare earth export.

Just three days ago, on October 10, U.S. President Trump made tough remarks on social platforms, saying that he would impose a 100% tariff on China goods starting from November 1, citing China's implementation of rare earth export controls.

What is even more intriguing is that in the face of the rapid softening of the attitude of the US, China has never answered the communication call from the US, and only responded to this conditional gesture in silence.

Within just 48 hours, the U.S. attitude turned upside down, but in fact, it was the sharp reaction of the markets that awakened them.

After Trump issued a tariff threat on October 10th, the U.S. stock market panicked that night.

At the close of trading on October 11, the S&P 500 index plummeted 2.71% to 6,552.52 points, the largest drop since April 10; The Nasdaq fell by 3.56%, and the closing point of 22,204.43 points set a new low since April 4.

Wall Street voted against in the most direct way, and within a day, the U.S. stock market valuation evaporated more than $2 trillion, with technology and military sectors leading, and market concerns about supply chain disruptions exploding completely.

Besent's compromise was not sudden, but the inevitable result of the combination of internal and external pressures in the United States.

As the finance minister, he knows more than anyone about the counterfeit effects of tariff policies, before he had privately revealed that the current high levels of tariffs, like a trade ban, are neither sustainable nor in the interests of the United States.

Indeed, the American Semiconductor Industry Association has made it clear that imposing tariffs will hurt the competitiveness of American enterprises, and the association and agricultural associations and other groups have already jointly opposed radical measures, bluntly saying that the final price will be paid by American consumers and enterprises. More realistically, as the election cycle approaches, lawmakers in agricultural states have voiced their protests. Once tariffs escalate, soybean exports to China may plummet by 70%, and 150,000 jobs will be in jeopardy. The impact on votes is self-evident.

The Chinese side¡¯s hardness this time comes from a clear perception of its position and compliance operations.

Faced with the US accusation that "China has become hostile," a spokesperson for China's Ministry of Commerce clearly pointed out that this is a typical double standard.

The spokesman noted that for more than 20 days after the economic and trade talks in Madrid in September, the United States continued to add a series of restrictive measures to China, including several Chinese entities on the control list, affecting thousands of Chinese companies, but now in turn accuse China of legitimate initiatives.

What's more, China's rare earth control has completely laws to follow.

The new regulations formulated according to the Export Control Law not only clarify the controlled items and processes, but also set exemption clauses for special circumstances such as humanitarian relief.

It has long been notified to the US side through bilateral mechanisms that there is absolutely no "sudden attack" called by the US side.

It can be seen that Besent's call is more like a test, trying to use the attitude of "giving up tax increases" in exchange for concessions from China on its core interests.

But China's response has long been clear through action: as scheduled on October 9, rare earth exports have dropped by 31% in September, down to a low of 4.000.3 tons.

The Ministry of Commerce's stance of "fighting and accompanying me to the end; talking and opening the door" has never changed, but the prerequisite for negotiations must be that the United States shows sincerity and corrects previous unreasonable restrictions.

The reversal of these three days clearly shows the reality of the Sino-US game: the United States can no longer rely on unilateral pressure to achieve its goals, and China will not back down on its core interests.

Rare earths are just a microcosm of the game. Behind it is the reshaping of the global supply chain and the resistance of multilateral rules to unilateralism.

The direction of the future does not depend on whose slogans are louder, but on who can truly respect each other¡¯s core interests and find ways to coexist on an equal foundation.