Xi Will Propose New Trade and Development Framework
July 10—Sources report that Chinese President Xi Jinping is working on a comprehensive trade and development deal he intends to present to U.S. President Donald Trump. The goal: end the simmering potential for a trade war between the world’s two largest economies and place them on a pathway toward a new global security and development architecture.
Engaging “The Great Dealmaker”
Sources say Xi believes he can explain to “The Great Dealmaker” Trump the benefits of collaborating on large-scale international projects that China is organizing globally, including with fellow BRICS members.
Under the plan, U.S. companies would gain access to produce goods and related services, while China and the United States jointly organize the credit to make this possible. Xi reportedly aims to open these newly developing markets to American participation.
Rebutting Anti-BRICS Rhetoric
“Trump’s stupid economic advisors have tried to portray China and its allies in the BRICS as trying to destroy American prosperity by bypassing dollar-based funding in some cases,” said one source. “The Chinese see development as a way to create a market for their physical economic output—first during development, then through permanent markets once infrastructure is in place. Xi wants all of this opened up to the United States, which would actually strengthen the dollar. China wins, but so does the U.S. Nobody loses but the speculators and financial imperialists who are trying to create conflict between the two superpowers.”
These considerations may have led Xi to not attend the just concluded BRICS summit, so as to avoid making him an easy target for the Sinophobes who surround Trump. Xi's views were fully represented by Chinese Premier Li Qiang.
In previous statements on the BRICS, as with ones at the conference, Xi and Chinese spokesmen have gone out of their way to say the BRICS systems for credit, including its New Development Bank, are not intended to replace those of the dollar system, such as the World Bank and International Monetary Fund (IMF) but merely to provide althernative pathways.
Tariff Threats and Diplomatic Pushback
But the neo-cons, nonetheless, prompted Trump to react to the recent BRICS summit by threatening an additional 10% tariff on any nation cooperating with BRICS, accusing them of “anti-American” policies. In response, Chinese officials reiterated that BRICS is simply laying a foundation for development and is not designed to oppose the United States or any other country.
A July 7 op-ed in the People’s Daily criticized Trump’s tariff threats as coercive but emphasized, “One conclusion is abundantly clear: dialogue and cooperation are the only correct path.” The piece was signed “Zhong Sheng” (“Voice of China”), a designation for expressing official views on foreign affairs.
A Revolutionary Appeal to American Ideals
Trump has given China until August 12 to finalize a deal, or tariffs exceeding 100% will go into effect. White House sources expect an agreement before the deadline. Chinese officials say the conflict can be resolved without threats. They point to a larger philosophical divide: the neo-conservatives and monetarist financial powers backing Trump cannot accept a system built on mutual respect. “Treat all nations fairly, equally, and with respect,” the source added, “and you have the basis for a new kind of economic system, one that rejects the idea of any single hegemon.”
This approach, they say, resonates with the revolutionary spirit of both nations. The United States was born in opposition to imperial power; China, too, is a nation forged through revolution. While both have evolved, conflict need not be their trajectory.
As part of this effort, Xi is expected to propose a summit with Trump in the near future. Sources believe the Chinese leader is confident he can reach his friend Trump and present a deal he cannot refuse.