President Trump participates in a bilateral meeting with Chinese leader Xi Jinping. Courtesy of the White House Archives. President Trump wrapped up a meeting with Chinese leader Xi Jinping in Busan, which he rated a “12 out of 10.” While both the U.S. and China issued statements describing the summit as productive and positive, it is unlikely to reset the U.S.–China relationship. Official statements from the two countries show they walked away with differing understandings of the agreements, suggesting the terms were loose and verbal rather than formalized in writing. But even if the terms had been clearly written and signed by both sides, history shows, particularly from the Phase One trade deal during Trump’s first administration, that China rarely keeps its bargains. Apart…
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