China Morning Missive
But what did the US agree, in totality, to deliver in return? Here again there are zero details.
For China to lift the export controls on rare earths would have required the US to deliver on items that were blocked for export to China. Namely chips and chip related technology. Clearly, lifting such restrictions would be a political negative for Trump at home and with that we see no details.
The Chinese do not agree hastily to a meeting and never reach agreements over a short two day time frame. And yet this is what went down in London the other week. Such an outcome will only occur if China were given everything which they demanded.
