President-elect Trump is set to steamroll Chinese leader Xi Jinping’s ‘red lines’ communicated to President Biden this weekend, likely to be on display from day one after he enters the Oval Office for the second time on Jan. 20. This is especially given his campaign promises impose a blanket 60% tariff on Chinese goods, touted as key to a package of “America First” trade measures.
Xi conveyed that he’s willing and ready to work with the incoming Trump administration, during the meeting with Biden that took place on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru.
Xi told Biden: “The United States has recently concluded its elections. China’s goal of a stable, healthy, and sustainable China–U.S. relationship remains unchanged.” But the optics at the Peru summit strongly suggest lame-duck Biden had long already taken a backseat in terms of assertiveness over US-China relations…
“China is ready to work with the new U.S. administration to maintain communication, expand cooperation, and manage differences, so as to strive for a steady transition of the China-US relationship for the benefit of the two peoples,” Xi additionally conveyed to Biden. White House national security adviser Jake Sullivan in follow-up emphasized of the “candid” and “constructive” talks–sure to be the last held face to face of the Biden presidency, that Biden “has worked hard to responsibly manage the competition” with China over four years to prevent things from spiraling into conflict.
The some two-hour weekend meeting included what’s being described as an olive branch from Xi, but more importantly a series of ‘red lines’ if Washington wishes to avoid a “new Cold War”. […]
— Read More: www.zerohedge.com
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