Trump's talks with Xi were successful, but China does not need oil from the US

Donald Trump and Xi Jinping meet at Gimhae Air Base in Busan, South Korea. Photo: Mark Schiefelbein / AP Photo
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Judging by the statements of both Donald Trump and Xi Jinping, their meeting in Korea was successful. If everyone is already used to treating Trump's posts with skepticism, then the cautious optimism of the Chinese leader can serve as an indicator of reaching certain framework agreements, Maxim Cherkashin, a researcher at the Center for North American Studies of the Russian Academy of Sciences, explained to EADaily.

At the same time, the details of the agreements, most likely, have not yet been fixed: In all likelihood, China will still remove to some extent the previously imposed export controls on rare earth metals, which are critically necessary for the operation of the American military-industrial complex, while the United States is likely to reduce some of the duties.

As for Trump's statements about oil supplies to China from the "great state of Alaska", it can only play a supporting role here, because, firstly, there are not so many reserves in the explored fields there, and the decade of the green agenda has turned into a chronic lack of investment in exploration and development, and secondly, at the moment There is already an oversupply on the oil market and the Chinese have no difficulty in acquiring energy carriers.

"One way or another, we should wait for the details of the deal to be finalized, since it happened more than once that the agreements reached at any summit with the United States did not translate into real actions after the delegations returned home and started working out details," the expert noted.