China's Xi Jinping on US Trade: Win for China, Taiwan Concerns, and Rare Earths

China's Perspective on US-China Relations

• 🇨🇳 The Chinese readout of the call between President Xi Jinping and President Trump is perceived in China as a win for China.
• 🗣️ President Xi reportedly gave President Trump a "lecture" on the correct course for Sino-US relations.
• 🤝 China reiterates its position that the Chinese people have always kept their promises, particularly regarding the Geneva talks.

Key Issues in the Bilateral Relationship

• 🇹🇼 Xi Jinping emphasized that the United States should handle the Taiwan issue very sensitively.
• 🚀 There was an outreach to potentially move the conversation forward with a future meeting between the two leaders.
• 📉 The readout suggests China has not conceded much in the discussions.

Rare Earths Export Curbs

• 💡 President Trump acknowledged understanding the complexity of the rare earths situation.
• 🇨🇳 This acknowledgment is seen as a win for China, as they have been arguing about the complicated approval process for issuing notices on rare earth export curbs.
• ⏳ The Chinese perspective is that it's a 40-45 day process, implying that President Trump agrees with the extended timeline for approvals.
• 🇺🇸 This communication suggests that the US industry may have to wait longer for these rare earth export curbs to be lifted.