#WriteToEarnUpgrade China is ready to make a deal," announced U.S. Treasury Secretary Scott Biesen — referring to a stunning shift from Beijing just two days after economic pressure. Trump's threat to impose a 100% tariff didn't even need to be executed; the groundwork had already been laid.
While discussions were revolving around an imminent trade war, the United States quietly secured strategic victories: a rare deal with Malaysia, processing rights from Thailand, a $13 billion refinery deal with Australia, and new extraction projects in Cambodia.
China entered negotiations expecting leverage but discovered that leverage had already vanished. In just 48 hours, $3 trillion of strategic advantage disappeared. The monopoly on rare earth elements that had dominated shattered, trade leverage weakened, and technological sovereignty slipped away.
Now the West holds the keys to the critical minerals that support the artificial intelligence revolution. With control over the necessary resources for the $350 billion American AI industry and the $3 trillion global AI industry, the balance of power has shifted decisively.
When Biesen said, "China is ready to make a deal," it was not diplomacy — it was an acknowledgment. This was not negotiation; this was surrender....

