<ul data-eligibleForWebStory="true"><li>Trump may adopt a 10% tariff on all imports and increase tariffs on Chinese goods to 20%, says Jefferies.</li><li>China has implemented strategic responses to US restrictions, linking rare earth metal control to semiconductor access block.</li><li>Jefferies suggests Trump needs to distance himself from national security lobby to strike a deal with China due to the rare earth issue.</li><li>China has seen a significant increase in gold imports to strengthen its economy, with a 73% jump in April.</li><li>China's gold ETF holdings have grown by 82.1 tonnes this year, surpassing last year's total, despite some withdrawals after May.</li><li>Trump's potential shift to uniform tariffs indicates a softer trade stance while maintaining pressure on China, as per Jefferies.</li><li>Amid the evolving trade dynamics, China's countermeasures and economic strategies suggest a recalibration in US-China relations.</li></ul>

Trump may go for 10% across the board tariff and 20% for China: Jefferies

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