Zero Summit Game

A lot of China-US summit deals have been touted, even though, predictably, details are scarce. (Boeing got a big airplane purchase deal, but it was smaller than expected and the stock is down). David Sanger (who Trump called treasonous on Air Force 1) has a good overview in the NYT (Gift Article): Trump Was Flattering, Xi Was Resolute. The Difference Spoke Volumes. “Mr. Xi arrived highly scripted, leaving no doubt that for all of China’s problems — deflation, depopulation, the bursting of the real estate bubble — the moment when China acts as a peer superpower had arrived. At every turn, at least as he began his two-day trip to China, Mr. Trump sounded conciliatory, the exact opposite of his portrayals of China in public appearances back home.”

+ By 2026 standards, the summit actually went pretty well. Ian Bremmer sums it up in this short video piece: “We are in the books on the Xi Jinping, Donald Trump summit in Beijing, certainly, one of the most consequential summits that we have witnessed in a long time. And yet very little concrete has come out of it, and on balance, I think, most observers are very comfortable with that.”

+ Time: Trump’s China Trip Underscores How Power Has Shifted East.

+ Of course, there’s the question of how the summit went for America vs how the summit went for Trump. To get an answer to the latter question, we may have to wait until Trump’s next financial disclosure. Trump Has Made Bank Off of Government Contractors’ Stock. And from Bloomberg (Gift Article): Trump’s More Than 3,700 Trades Provoke Wall Street Astonishment.

+ Time will tell who were the biggest winners of the summit. For now, the biggest loser seems to be CBS News anchor Tony Dokoupil, who reported on the China summit from Taiwan. Oh, and his cameraman passed out (probably over confusion over what they were doing in Taiwan). Defector: Tony Dokoupil Flew 8,000 Miles Just To Eat More Sh-t.