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It does seem the most of the world is negotiating so that's correct.
But it does seem it's a war between China and the USA.
I cannot understand how Trump allowed (failed drag queen) JD Vance to call the Chinese "peasants".
An insult that will never be forgotten.
Relationships with the Chinese are only built over time by earning their trust.
Once you have their trust you have a friend / business partner for life.