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→China
*Simplicius: [https://simplicius76.substack.com/p/trump-xi-face-off-for-all-the-marbles Trump-Xi Face Off for All the Marbles in South Korea]
*Simplicius: [https://simplicius76.substack.com/p/trump-xi-face-off-for-all-the-marbles Trump-Xi Face Off for All the Marbles in South Korea]
:''Trump says China agreed to delay rare earth restrictions. China’s official statement says nothing of the sort. Three points were confirmed:
:''Trump says China agreed to delay rare earth restrictions. China’s official statement says nothing of the sort. Three points were confirmed:
:– U.S. suspends tariffs for one year.
:''– U.S. suspends tariffs for one year.
:– U.S. suspends export bans for one year.
:''– U.S. suspends export bans for one year.
:– U.S. suspends 301 investigations for one year.
:''– U.S. suspends 301 investigations for one year.
:No mention of rare earths. No mention of [[TikTok]]. No [[Nvidia]] chips.
:''No mention of rare earths. No mention of [[TikTok]]. No [[Nvidia]] chips.
:'''''Once again, Trump [[negotiate]]d with his own imagination, and declared victory over [[reality]].'''
:'''''Once again, Trump [[negotiate]]d with his own imagination, and declared victory over [[reality]].'''
:''The fact of the matter is that the posturing with China is really all about obscuring the US’s economic demise, while also gaining leverage, sabotaging, and undercutting China as much as possible. This is because the US political class has no answers at all for its own failing economy, and thus must rely exclusively on the strategy of hamstringing its competitors. It’s all an act meant to forestall China’s takeover to buy time for the US corporo-political class to figure out a way to reset US’s runaway debt spiral and hyper-financialized Babylonian tower—which many now believe will happen by crypto-izing US debt:
:''The fact of the matter is that the posturing with China is really all about obscuring the US’s economic demise, while also gaining leverage, sabotaging, and undercutting China as much as possible. This is because the US political class has no answers at all for its own failing economy, and thus must rely exclusively on the strategy of hamstringing its competitors. It’s all an act meant to forestall China’s takeover to buy time for the US corporo-political class to figure out a way to reset US’s runaway debt spiral and hyper-financialized Babylonian tower—which many now believe will happen by crypto-izing US debt: