Trump Is Flying To Beijing On Wednesday To Solve Everything. Every World Leader Is Watching. Nobody Has Been Invited.
Politics This Week
Taiwan, Iran, rare earths, semiconductors, trade, AI, the Strait of Hormuz, and whatever else fits on a two-day agenda. Trump calls it "a great meeting." Beijing calls it "complex." The other 190 countries call it "please don't accidentally trade away our interests while we're not in the room."
The world's other 190 countries are watching from outside. Europe is worried about losing market share if China commits to buying American goods instead. Japan is worried about Taiwan. South Korea is worried about semiconductors. Russia is worried about losing China's support if Xi and Trump bond too warmly. Taiwan is worried about everything simultaneously, which is Taiwan's permanent condition and frankly impressive given the circumstances.
The expected deliverables: a Board of Trade, a Board of Investment, Boeing orders, agricultural commitments, and a rare earths truce extension. The expected non-deliverables: Taiwan, nuclear arms, advanced chip controls, and the question of who actually won the trade war, which both sides claim to have won and neither side has won in any meaningful sense measurable in economic data. Trump calls it a "great meeting." It has not happened yet. He has already called it great. This is the Trump methodology and it has a mixed track record and an excellent marketing department.

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