The two day talks in London ended without any joint statement, no photo ops of a happy ending. Both sides said the talk was productive and an agreement “in principle to a framework” was reached and both sides would bring it home for review and approval by their top leaders. What the statement said is quite clear, just a framework to work with, maybe like both sides were to treat each other on an equal basis, or maybe meeting once a quarter, maybe each will pay their own lunch, what level of representation, nothing else has been agreed on.
From the Chinese side, their term of reference is very simple. No need to agree on anything, no hurry, take all the time needed, hear them out and then come back home. On the American side, try to force the Chinese to close a deal quickly, the sooner the better. The situation in the US is getting bad and getting worse every day. There is an urgency to close the deal for Trump to show off. So, you have a very relax Chinese delegation with no pressure of time for an agreement, very polite and smiling and listening, against the American delegation with orders from Trump to close the deal. And Trump is waiting eagerly in the White House for good news from London, checking his phone repeatedly.
Now it is all over the American media that a deal is done. And Trump is saying that China will be releasing all the rare earths for American industries and for American Military Industrial Complex to make more weapons to start a war with China. And Trump is so happy that he agreed to let Chinese students to continue their studies in the US. In addition, American tariff against China would be raised to 55% against China's 10%.
The Chinese side did not say anything other than the framework. What Trump is saying is that China sent a high level delegation to London to offer sale of rare earths on a silver platter and were grateful that the Americans would let Chinese students to study in America. Trump is so happy with the negotiation and calling it an excellent relationship and thanking the Chinese profusely for the rare earths. Trump is as good as saying the Chinese delegation went home carrying a white flag.
What more is Trump going to spin? Oh, Xi is so happy with Trump's generosity and is inviting him to visit Beijing? The Chinese have forgotten what the negotiation was all about, nothing about chips and all the bans and sanctions imposed by Trump. They are very happy just with the students able to study in the USA.
What do you think?
