Washington (AP) – The United States and China will not resolve all the issues that divide them before President Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.
But they may have advanced enough in China’s stranglehold on strategic minerals, US export controls and other FELTSLESLE issues
“They are trying to come to some kind of détente,” said Jeff Mon, a former US trade official and prozomat who became China Moon Strate Centa Consultan. “There is no confidence that they will reach a grand bargain that resolves everything in the relationship.”
The two countries sent reassuring signals over the weekend that a deal was close.
China’s Top Techniotor, Li Chenggang, told reporters that Washington and Beijing had reached a “preliminary agreement.” Trump’s treasury secretary, Scott Besstent, said “there is a very successful framework.”
Trump himself expressed confidence, saying that Chinese officials “want to make a deal and we want to make a deal.”
Before the talks in Kuala Lumpur, Malaysia, at the weekend, the Chinese negotiators have met four times this year – in Stockton in September, but we were able to find a framework to avoid tariffs and the Navigue Program “.
When the new disputes started earlier this month, Trump threatened to slap some 100% tariffs on Chinese products Nov. 1 – more than 57.6%, according to statistics by CHAD BONDITITION OF THE BEST DIRECTED DEPARTMENT OF ENERGY.
But in both developing countries, Beasent said last Sunday on CBS’ “face the nation” “those who punish triple-digit taxes” effectively on the table’ “as the talks continue.”
Here are some of the areas of contention between the world’s two largest economies.
Beijing’s Rare-Earth Cudgel
China is the world’s leading producer and processor of global minerals and technology related to jet fighters, robots, electric vehicles and other high-tech products. In terms of power and infrastructure that we bring to the negotiating table, the country has limited exports of goods, which are heavy with us and other foreign companies. Most recently, they tightened restrictions on Oct 9, ahead of the Trump-Xi summit.
“The foreign world is now the most effective lever that China can pull,” said Zongyuan Zoe Liu, senior fellow at the Council on Foreign Relations. “The rest of the world doesn’t have affordable or affordable energy.”
The United States and other countries are investing heavily in a world that is rarely breaking free from Chinese rule, but it may take years for them to pay off. “They realize that this is not a lever they can pull forever,” Liu said.” So they want to use it when it actually hurts. ”
Bessent said Sunday on ABC that he expected China to “hold on to “Extraordinary Export Controls”” for the rest of the year when they repeat themselves. ”
Pini Althaus, who founded the USA Rare Earth Back in 2019 and is now working to develop new mines in Kazakhstan and Uzbekistan as the head of the Cove, is threatened by the American head until a new one is built. “The United States must urgently build critical mineral supply chains,” Althaus said.
Soybean imports from China
The exotic world is not the end of China. American farmers — among Trump’s most loyal supporters — have traditionally relied on China to buy about a quarter of their soybeans. But China stopped buying American soybeans this year, choosing to use Brazilian and Argentinian suppliers instead.
On NBC “Meet the machine of Kristen Welker” Sunday, BessENT, who is the owner of the soybean agriculture itself, suggested that the relief is helping the American Heart and the American farmers, “he said.
Mike Steenhoek, Managing Director of Soy Transport, said farmers will be looking for specific information on how many Chinese soybeans they can offer to buy and how the deal works. He said it was important for China to go beyond the usual offer to buy more American soybeans.
“There is nothing that really discourages farmers when there is a certain announcement of prominence, but nothing ends up being sad,” he said.
In a note, Gabriel Willau, Managing Director of Tentancy Teneo, asking if China really retaliates with American Soybeans after buying a lot from Brazil and Argentina. Still, Beijing will be “willing to restart some and buy that as a good move, even if doing so requires building stocks above normal levels,” Lullau wrote.
American export controls
China is hoping that tougher US controls on critical technology exports will help Chinese firms depend on it.
Last month, the US Department of Commerce issued a new rule to expand export restrictions not only to foreign companies that were listed but to affiliates where they own at least 50%.
Jeffrey Kessler, under secretary of Commerce for Industry and Security, says it’s “closing loopholes and making sure export controls are working as intended.” China immediately protested, calling it a “Common Crime” of the US protecting national security and abusing export controls. The Chinese Ministry of Commerce says the move is “very serious” and will “severely harm the companies’ legitimate interests.”
Ted Murphy, a trade lawyer with Sidley Austin, wrote in a comment that the US may relax these restrictions, the way China is expected to be able to reduce its rare world controls. “President Trump is in the mode of ‘making money’ and it is unlikely that he will allow the opportunity to meet with President XI himself without an agreement.”
However, Susent told “Bakana Noso Isizwe” that” there are no changes in our export behavior. ”
Trump’s drug trafficking taxes
In February, Trump slapped a 10% tariff on Chinese food imports to pressure Beijing to do more to stop the flow of chemicals that could be used to make FLANMENT. He repeated it twice a month. For months, Beijing has been frustrated by the lack of progress in working out a deal to end fentanyl prices. A senior Chinese security official once went to one of the trade talks but there was no US counterpart to meet him.
Chinese authorities had pointed out that the Trump Administration had failed to recognize the steps Beijing took last year in a bid to tackle drug trafficking. They were also embarrassed because the Trump Administration was not clear about what they wanted Beijing to do. China has retaliated by imposing a new tariff of 15% on many US farm goods, including soybeans.
Bessent said SoLungeli that China’s negotiations have resulted in initial agreements to stop illegal chemicals from coming to the US, raising hopes that the US will consider at least the price of FANTHYL.
‘We can’t cut it’
Whatever progress the two countries have made on certain issues, Mon said, major problems remain.
China is so powerful that China has decided to commit itself to an economic rut caused by the collapse of its housing market by releasing inferior products.
But the United States and other rich countries are determined not to “allow the excesses of China to take out their industries and destroy their industrial base. That is what both countries are most committed to. And for that reason, I do not see the end in sight.
“We can’t cut it off. There are things we both need…. If you keep trying to corrupt the other side with no end in sight, then both sides will die the death of thousands of thousands.”
Moon said the only way forward is “trying to remove the conflict – basically putting band aids on without curing the disease.”
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Josh Funk reported from Omaha, Nebraska.
