Trump admits America's decline in China
Trump's China trip produced little besides a Boeing order, and his own posts framing America as in decline — bad news for his team heading into midterms.
- Trump tweeted that China's leader agreed America is in decline but blamed Biden, a claim Korean media flagged as unverified.
- Gas prices are above $4.50 a gallon and oil is still rising, signaling Trump failed to get China's help ending the Iran war.
- The only deal out of the visit was Boeing selling 200 jumbo jets; a dozen other US CEOs came home empty-handed.
- Fox coverage was rough — one reporter was hauled off alone on a bus, and Secret Service had a shoving match over a firearm at a Beijing site.
- Honda just had its worst year ever as its China business collapsed, and Tesla is killing the Model S and Model X — signs China's carmakers are pushing foreign rivals out.
Outlook: With gas high and no real wins from Beijing, Trump heads into midterms on weak footing while China keeps gaining ground in autos and EVs.