For almost 10 months into his second term, Trump was telling the world that he wanted to meet Xi, but was met with total silence. Trump tried all kinds of antics to get Xi's attention but to no avail. He was almost crawling on his knees begging for this meeting. There is no one in the world that Trump would bother to take a second look.
Trump also has very serious business to talk to Xi. Everyone could see how stressed up Trump was when he landed in South Korea, still with no confirmation if Xi would want to meet him. Trump has all the farmers, his core supporters, crying and breathing down his neck. He cannot fail the farmers and needed Xi to buy all the soya beans in storage that will go bad very soon. Trump also has all the chips manufacturers, especially Nvidia, weighing down on him. The chips industry will face a crisis and leading to shutdowns or layoffs if they lose the China market. Then there is the bigger crisis of rare earths that is affecting almost all the tech and engineering businesses and most of all the military industrial complex and suppliers of weapons and hardware to the American armed forces.
Trump must meet Xi at all costs and cannot go home empty handed. He badly needs Xi to say yes to all his problems.
Xi kept Trump waiting until the eve of the 30 Oct meeting to say yes. The hours and minutes Trump and his team were kept waiting must be nail biting. Can you imagine if Xi were to call off the meeting? Trump flew all the way to South Korea to wait for Xi, without any confirmation from Xi. He was so desperate that he was willing to take the risk of Xi not wanting to see him.
On the other hand Xi was nonchalance, uninterested. China's position to the trade war has been made known to the Americans, will fight to the end. China will decouple from the American economy. Meeting or not meeting Trump is immaterial. China could walk out of the meeting without agreeing to anything. China does not need to buy soya beans from the Americans. In a hostile trade war, China would not mind even to pay more for Brazilian soya beans. China does not need any high end chips from the Americans as well. They are producing their own. China is preparing to decouple and the high tariffs for Chinese goods would not mean much except a lower surplus in its trade with the Americans.
Xi thus holds 3 Trump cards, pun intended, rare earth, not buying soya beans, not buying high end chips. Trump really has nothing to offer to Xi other than a military confrontation. If Xi has stood firm, no meeting, or meeting but refused to buy soya beans, refused to buy high end chips, refused to sell rare earths, what is Trump going to do? Going home empty handed after flying all the way to wait for Xi and calling Xi his good friends?
After the meeting, Trump practically got everything he wanted. Xi gave him a big present that he could not dream off without a fight. Trump was so glad that he gave a 12/10 grading for the meeting. Trump can go home and with all the good news for his farmers, chip manufacturers and all the businesses that need rare earths. What Trump offered to Xi in return were nothing, miniscule, that Xi can do without. Lowering of 10% tariff? Xi could have told Trump to keep it. The tariffs were paid by the Americans. Holding back on more sanctions? Xi could have said to Trump, bring them on, China is working towards decoupling and self sufficiency. Nvidia chips? China does not need them anymore. China does not need to buy substandard Nvidia chips. This is the most foolish strategy of Nvidia.
Xi gave Trump a huge present that he could not have dreamt of. Did Trump get the message? Xi is telling Trump, he can be very nice and generous, caveat, if Trump behaves and stop the silly wars. The rare earth is conditional, one year is a trial period. Trump's visit to China in April, 6 months away, can be called off. China can also stop buying soya beans anytime it wants, if Trump continues with his silly wars. The American farmers would not want to mess around with China a second time. They know who butters their bread...China!
Would Trump get the message and reciprocate in kind? Xi will be watching every move of Trump in the following months, and all the deals could be dropped if relations did not improve. If the dimwits in Washington continue to beat their war drums and itching for war with China. China has won the first round with hands down. Just stopping all sales of rare earths would be enough to cripple the American economy and the economies of their allies.
Cooperation, mutual respect, peaceful coexistence, working for mutual benefits in win win projects and trade are the way to go. Xi told Trump, working together with China could help him to succeed in making America great again. Trump can now have a nice peaceful sleep on his way home. He is very tired and deserved a good rest for working so hard, for taking all the stresses. May Trump have a good rest, sweet dreams and wake up wiser, and know who gave him a helping hand in time of distress, when the world is collapsing on him.
A side distraction. Modi is watching and so are the Europeans. Xi is the most important person that Trump would want to meet and call friend and could really extend a helping hand when in need. Trump is safe for now and can go on dancing and bragging and take on the Democrats with renewed confidence ... and make the world come kissing his ass. Caveat, not Xi.
Would Trump say a big thank you to Xi, his good friend in times of need?