One area that China needs to do is to extend and monitor its rare earth export restrictions to countries that are allies of the USA. Just how desperate the USA is now facing can be seen in its effort to siphon off rare earth requirements discreetly under the radar, using the UK and South Korea to bypass the Chinese ban. The UK and South Korea had been exposed by China over their massive increase in rare earth buying from China in recent times, compared to the norm, when their present needs are not providing the necessity to do so. Those frenzied buying spree has only needed one reason to explain, reselling to the USA. China has to plug this loophole fast and in saying that, China is coming up or has come up with a new vetting system to stop the leak.
Trump is now livid and jumping up and down, with most people saying that rare earth elements is the culprit, accusing China of breaking the agreement they made in Switzerland. What agreement is he talking about? Was there a written piece of paper, which Trump can tear up at his whims and fancies anyway. The two countries have not even discussed the terms and concessions, and with Trump's recent actions against China, nothing is going to move forward.
Once again, they USA side is speculating that Xi will need to call Trump in the face of Trump's raging madness. Xi will not call him, that is for sure, after all the attacks that Trump made against students studying in the USA, the further steps he is taking by banning countries from providing China with EDA software for semiconductor development and trying to strangle China by forcing banks not to provide loans for Chinese companies.
Anonymous
3 comments:
Why would Xi waste time to talk to a toddler throwing tantrums? Trump does not even know what he wants, behaving like a yo-yo, swinging from side to side, not knowing where he stands and going to land. Even if there is an agreement, Trump may come back to say that Xi broke his side of the bargain, without specifying the details. This is traditional Trump behavior, and the world needs to learn.
It may be difficult for a normal adult to understand how a six-time bankrupt behaves and no one probably has any idea of how to deal with Trump, having not dealt with one with such an inspiring credential. Trump's 'Art of the Deal' is culled from his six-time bankruptcy experience. Pity those that fell under his deal. He may have to update his version of his 'Art of the Deal' expertise to take into account the upcoming mother of all bankruptcies unfolding. That could be a best-seller that Trump may want to sell at US$5 million a copy as well, LOL.
The world has to constantly watch which side of the bed Trump wakes up from as it affects his sense of direction. If he wakes up from the wrong side, he is going to take it out on the rest of the world. This is basically toddler behavior, not what an adult will do.
Trump is creating another big, beautiful bankruptcy. Love it.
China's best retaliation is to be patient, keep things close to the chest, and let Trump destroy himself and his cronies. What is happening to Elon Musk is clearly a sign that Trump cannot get along with anybody. Some said that Musk was fired.
The elimination of people in the administration is coming for each and every one of Trump's toddlers in his administration if they fail to deliver. This is a repeat of what happened during Trump's first term. And those that leave are going to hit back with embarrassing exposures of Trump's failures, like Mike Pence, Steve Bannon and now Elon Musk.
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