A phone call between Donald Trump and Xi Jinping, initiated by Trump, suggests China gained the upper hand in trade dealings. Despite Trump's public frustration, the Chinese readout emphasized Xi "took a phone call" from Trump and claimed concessions on student visas and the "one-China policy." While Trump focused on trade and rare earths, the Chinese account omitted rare earths. Analysts suggest China is willing to endure trade pain, confident in its economy, and views the call as a low-cost way to delay harsher US actions.
In Trump-Xi dealings, China seems to have the upper hand
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TL;DR: Key points with love ❤️A phone call between Donald Trump and Xi Jinping, initiated by Trump, suggests China gained the upper hand in trade dealings. Despite Trump's public frustration, the Chinese readout emphasized Xi "took a phone call" from Trump and claimed concessions on student visas and the "one-China policy." While Trump focused on trade and rare earths, the Chinese account omitted rare earths. Analysts suggest China is willing to endure trade pain, confident in its economy, and views the call as a low-cost way to delay harsher US actions.
Trending- 1 Last month: U.S. and China pause most tariffs after discussions in Geneva.
- 2 Thursday (recent): Donald Trump and Xi Jinping have a phone call.
- 3 Friday (recent): Chinese state-run media covers the call, painting Xi as having the upper hand.
- Potential delay in U.S. tariffs against China
- Rebalancing of China's economy
- Increased anxiety in Washington
- Perceived diplomatic win for China
- Continued trade tensions
What: A phone call between U.S. President Donald Trump and Chinese President Xi Jinping, initiated by Trump, suggests China gained the upper hand in trade negotiations, securing concessions on student visas and the "one-China policy" while omitting discussion of rare earths in its readout.
When: Thursday (phone call), last month (discussions in Geneva).
Where: Geneva, Switzerland (previous discussions).
Why: Trump's desire to make a deal and ease trade tensions, China's confidence in its economic resilience and strategy to delay harsher U.S. actions.
How: Through a phone call between the two leaders, followed by differing readouts from the U.S. and Chinese sides.