The Bilateral Foreign Deal

important news about China!

Well, well, well. Precisely as I predicted (which was a ridiculously easy prediction), Bessent has reported Nothing But Good News from his weekend tete-a-tete with China. Seriously, what else is going to say? That there's no way in hell he'd ever want to cut a deal with these scoundrels? Of course not. It's all going to be peaches and cream. Thus:

If one bothers to read past the headline, however, and if you know how to read between the lines of this kind of puffery, it soon becomes clear that of course there's no deal (Bessent himself already said such a thing would take literally years to really hammer out) but just a general understanding that they'll keep talking and won't try to kill each other in the meanwhile.