Trump hopes to see China at the end of the month, and China and the United States will "make the final decision" face to face four weeks later?
The summit between China and the United States may have entered the countdown stage, and both sides are preparing for the final preparations. Since Trump announced on social media that he has only four weeks left to meet Chinese leaders.
U.S. Treasury Secretary Bessent then said the most important thing now is the informal meeting of the Chinese and U.S. leaders at the Asia-Pacific Economic Summit at the end of this month.
He then predicted that the new round of economic and trade negotiations he would hold with Chinese representatives might achieve a "major breakthrough", and his tone was not generally optimistic. It seems that after the Madrid talks, the interaction between China and the United States on other issues has also been relatively smooth, but it is not "easy" to say that a breakthrough is achieved.
When the new economic and trade negotiation arrangements will be held, there are only two options, one is to arrange for a specific agreement in early November, that is, after the summit of leaders, using the high-level interaction of the East Wind, and the other is to refer to the model of Madrid talks, the two countries' delegates first reach the preliminary framework, and then through the head of state talks a hammer.
The "major breakthrough" said by Bessent is likely to be the issue of U.S. soybeans exports to China.When Trump predicted the reversal time of the Sino-U.S. summit, he revealed that soybeans exports will be the main topics discussed by the two sides.
He has not forgotten to throw the pot on us, complaining that the United States has not received Chinese orders so far, causing losses to domestic soy farmers, and accusing China of "negotiating reasons" for refusing to import American soybeans.
However, before Trump provoked the Sino-US tariff war, the United States has long been the main supplier of China's soybean imports. As for why it came from behind by Brazil, all parties know well.
Since the United States single-handedly provoked and intensified Sino-US economic and trade disputes, it must pay a corresponding price.
After several rounds of talks, the United States at this time finally thought to discuss the soybean issue, and first step to set the tone of "major breakthrough", in the end is to say to the domestic soy farmers, soothe their emotions.
There is no other reason. The bumper soybean season has passed and the United States has not received new orders from China. Relevant agricultural associations have issued a statement urging Trump to give priority to reaching a trade agreement with China because soybean farmers cannot afford long-term trade disputes with their largest customers.
In other words, they no longer want to pay for the tariff war provoked by Trump. Although the harvest season has been missed, if China and the United States can reach a conclusion on soybean import and export issues before February next year, they can still stop losses to a certain extent.
If it still falls short, the next days will only be more difficult for American soybean farmers.
Trump promised to continue to provide subsidies, but for American farmers, this is not a long-term solution after all. They would rather have a stable market and long-term trading partners. At the beginning, they voted for Trump, but they never thought about this situation now.
It's easier said than said to make progress. How can the United States prove to China that it is still a reliable partner in economy and trade? This not only involves the import and export of soybeans, but also the core element of whether China and the United States can finally reach an economic and trade agreement.
Again, the plunge in U.S. soybean exports to China is caused by the Trump administration's capricious trade policy, which frequently shows strength to China.
China is not for any "negotiation" reasons not to buy American soybeans, behind it is very pure, in the interests of business speakers consideration, from the business world to the politics, is Trump, does not understand this reason, or is in the disguise?
Not to mention that Brazil has come from behind and become China's main partner in soybean trade, even Argentina dares to seize the market gap left by the United States.
You know, not long ago, the Millay government's election defeat triggered shocks in the domestic financial market. The Trump administration immediately promised that if Argentina itself was unable to stabilize the situation, the United States would take "all measures" to help this "systemic ally" stabilize the situation.
As a result, the Millais government made a good plan, quickly cancelled the grain export tax, and exported dozens of ships of soybeans to China. The scale is not too large, but for the United States, it is an out-and-out "heart-killing move".
U.S. soybean farmers are expecting Trump to reach an agreement with China and the United States to resume soybean exports to China, but the United States announced aid to Argentina, and the news of Argentina's soybean exports to China, what mentality can be imagined.
That is, they are all Trump’s iron box office, with amazing patience, otherwise it might not be so easy to just make a statement urging the president to prioritize a deal with China.
Trump now has no other choice, must make progress in economic and trade negotiations, there are no other answers, otherwise next year's midterm elections, he has no way to communicate to others.
The United States is not the only one in global soybean supply. South America alone has two competitors, Brazil and Argentina. However, in a market as large as China, there is no second one in the world. It is already clear who has the bargaining power.
Now, we can sort out a clear track for Sino-US economic and trade negotiations. The two sides will move from one problem to the next, step by step, solve intractable diseases one by one, and let the United States face up to China's concerns in the negotiations, so as to take care of their own interests. At this time, the rhythm of what China and the United States want to talk about and what they can talk about is already under the control of China.