Trump 2.0 official thread

[GulfLander]

https://twitter.com/i/web/status/1983515183772545321

 

[CMP]

MOFCOM response of the Xi-Trump meeting and outcomes

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It seems like each concession made by China was matched with an equivalent concession made by the US, one thing I noticed was that the second point they discussed was China's agreement to pause their new rare earth export restrictions introduced on October 9th was matched with the US side pausing their 50% investment restriction rule. This is something that Trump hasn't mentioned in his description of the things agreed upon in their meeting:

"二、美方将暂停实施其9月29日公布的出口管制50%穿透性规则一年。中方将暂停实施10月9日公布的相关出口管制等措施一年，并将研究细化具体方案。"

When China is trying to help the US save face, leave it to Trump to accidentally reveal the truth by omission.

 

[Sinnavuuty]

MOFCOM response of the Xi-Trump meeting and outcomes

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It seems like each concession made by China was matched with an equivalent concession made by the US, one thing I noticed was that the second point they discussed was China's agreement to pause their new rare earth export restrictions introduced on October 9th was matched with the US side pausing their 50% investment restriction rule. This is something that Trump hasn't mentioned in his description of the things agreed upon in their meeting:

"二、美方将暂停实施其9月29日公布的出口管制50%穿透性规则一年。中方将暂停实施10月9日公布的相关出口管制等措施一年，并将研究细化具体方案。"

We can consider the summit a failure for Trump.

Xi Jinping negotiated at least on equal terms, but probably from a position of strength.

Trump initiated a trade war with China in April, starting from a position of strength, and demanded its surrender. Nine months later, he is making concessions in exchange for a fragile truce.

Six months ago, Trump hoped that tariffs would balance the trade imbalance with China and that restrictions on the supply of advanced chips would limit Chinese technological development.

None of the fundamental issues that motivated Trump's trade war were resolved at today's meeting. China simply increased the pressure for this meeting, limiting exports of rare earth metals and magnets, without which Western automobile factories and defense industries would grind to a halt. At the same time, it halted purchases of soybeans from the United States, which put farmers on the brink of ruin.

In his meeting with Trump, Xi simply resumed the positions China held before this tactical escalation. But he made no significant concessions to Trump. Trump, however, reduced tariffs in the name of a truce.

China exploited the weak point of the US and the entire West (note: rare earth elements), and Trump's tariffs did not cause any damage to the Chinese economy.

At the very least, for the next 4 to 5 months, Trump will try not to harm relations with Xi, and no US pressure on China regarding the Ukrainian issue should be expected, nor sanctions against major Chinese buyers for purchasing Russian oil.