The US-China talks entered the next day, and the two sides announced the formation of a preliminary consensus. Trump was still pressured with tariffs, but was ready to make concessions, and what signals were released? At the same time, as the US representative, Bessent, made an unusual move, explaining that the negotiating atmosphere was not harmonious, why did he say so?
China-US negotiations have entered the next day, the situation of the delegations of both sides is completely different. Chinese representatives left the meeting after the end of the first day with a smile. And on October 26, China's international trade negotiations representative and Deputy Secretary of Commerce Li Zhang Steel said that China-US has formed a preliminary consensus on several topics. On the other hand, Trump still stressed "confidence to reach an agreement with China", and also claimed that "China must make concessions, we will also make concessions, otherwise we will increase taxes on China by 157%" However, according to the US Bloomberg report, in the case of the tariff war lasting half a year, the United States will import $1 billion per day from China, and the number of Chinese US goods in September is still growing.
Moreover, China’s statement is not unusual. First, China mentioned that “the two sides have had constructive talks”, the previous “deep and frank and constructive exchanges”, now only “constructive”, “exchanges” became “discussions”. From this expression change, this time China and the United States have not spoken a few words, but are indeed discussing how to solve the problem. However, neither “deep” nor “honesty”, can be seen that the United States has completely lost China’s trust, and the two sides can discuss little. Moreover, the situation has developed to this stage, the Trump administration still does not understand what the Chinese side this time “add to the counter” means.
Second, in the statement of the Chinese side, mentioned "tariff suspension period", "Fentanyl drug cooperation", "special port charges" and so on, but the rare earth issue is not in it. And from the current situation, rare earth may the sixth, seventh, and eighth round of negotiations, will not enter the scope of discussion. In other words, China's export control in the rare earth side is likely to be "permanent". Especially military rare earth, China's strict export ban. This situation, directly disrupted Trump's pressure to buy large amounts of U.S. military equipment in Europe to help Ukraine's plans. From the public information, the U.S. has up to 1,900 weapons systems, and more than 80,000 parts rely on China's rare earth, about 88% of the supply chain
From these situations, we can see that China has become very strong in this Sino-US negotiation, and the "space" of the United States is continuously compressed. The most painful person in this situation is undoubtedly the representative of the United States and Treasury Secretary Bescent. Earlier, in the Fox News TV program, Bescent also said happily that he asked China to change Li Chenggang, the international trade negotiator, in just a few words. When he spoke of this, Bescent showed a bright smile, and the corners of his mouth almost grinned to the root of his ears. As a result, when he arrived in Malaysia, Li Chenggang, who Bescent thought had been replaced, strutted into the venue and sat in front of him again. On the contrary, U.S. Secretary of Commerce Lutnick, who was angrily denounced by Trump as "stupid" because of the unauthorized introduction of new "50% penetration" sanctions against China, was removed from the list of the U.S. delegation and did not appear in public in the past week. Bescent not only had to face the strength of China, but also worried about being reprimanded by Trump for not talking well. He simply quietly left the underground garage after the first day of talks, avoiding the media reporters waiting outside.
According to the Wall Street Journal, Trump plans to build a “Golden Fleet” of the U.S. Navy to address “military challenges” including China, but the White House and the Pentagon have not disclosed any specific details about the “Golden Fleet” plan. Moreover, during the 250th anniversary of the U.S. Navy, the “Trummen” aircraft carrier, which had been hit by the crashes in the Mediterranean Sea, has not been repaired for more than eight months after being found damaged by the outside world. Looking back to China, in the 93rd parade, a large number of weapons that the U.S. did not have appeared. This situation has left the Pentagon unconfident to face the liberation army. The so-called “Golden Fleet” plan