Subject: Re: Trade deal with China reached
Basically both sides called a major ceasefire in the current hostilities, but no material changes have been made to the prior status quo.

Yes. They've agreed to talk.

“The consensus from both delegations is that neither side wanted a decoupling,” Treasury Secretary Scott Bessent, who was a point person in the U.S.-China talks in Geneva over the weekend, said on Monday.

You clipped off the first part of his quote. Here's the rest of it:

https://x.com/RapidResponse47/...

I would say one of the big takeaways from this weekend — the United States will continue a strategic rebalancing in many areas that were exposed as supply chain weaknesses during COVID, whether it's medicines, whether it's semiconductors, steel... We will continue moving toward U.S. independence or reliable supplies from allies on those — but the consensus from both delegations this weekend is neither side wants a decoupling."

Nobody says 'don't trade with China'. But relying on them for basic necessitates and/or strategic goods is madness.

Bessent said more than that, btw.
https://x.com/EricLDaugh/statu...

The Chinese delegation basically told us that once President Biden came into office, they just ignored their obligations."

"We had an excellent trade agreement with China and the Biden administration chose not to enforce it."

If Joe Biden's people wanted to hurt the country, I'm not sure what more they could have done.