This Politico article is gonna leave a mark:
“Derek Scissors, a China expert at the American Enterprise Institute who sometimes advises the White House, said U.S. businesses aren’t gaining many concessions from Beijing.
“‘What the U.S. is getting is purchases and several elements of nonsense,’ Scissors said before the announcement. ‘Today seems to be another ‘China-is-Great’ day, but future talks face a higher risk.’”
First of all: Derek Scissors! Oh, man!
So what happened? Take it away, Financial Times:
“In return for a series of modest concessions, most of which had been offered by President Xi Jinping’s administration in previous negotiating rounds, Donald Trump agreed to suspend another set of tariff increases originally scheduled to take effect on October 15…
So, in other words, Prznint McDeals took a small offer that he already rejected. WEAK!
“In private, Chinese officials say they are lucky Mr Trump waited a year before launching his trade assault in the spring of 2018, giving his negotiators only about 18 months to confront China before domestic political pressures would begin to hem them in. The US president wants relief for his farm-state supporters, who have borne the brunt of China’s counter-tariffs, and a soaring stock market to help boost his re-election prospects.”
So in other-other words (is too a valid construction!), China knows that they have him over a barrel. So much winning from our Chosen One.