This is bad news for the US dollar system and Treasury markets, and good news for gold, Russia, and China as global power shifts away from Washington.

• Trump's China trip produced symbolic food deals but no real breakthrough — Beijing does not trust the US and refuses to depend on American food while Washington keeps arming Taiwan.
• China and Russia are deepening ties with a massive 4,000 km gas pipeline that could turn them into a unified energy superpower rivaling US influence.
• US Treasury auctions are struggling as investors demand higher yields, with Morgan Stanley warning oil could spike to $130–$150 and push the US into stagflation.
• Rare earths are now Washington's top priority — the US is trying to get Chinese processing technology, showing how far behind the West really is.
• BRICS countries are quietly piling into gold and dumping dollars, with India's collapsing rupee and Iran's currency crisis pushing more nations to ditch dollar trade.

Outlook: If Trump keeps pressuring China over Taiwan or Iran, Beijing could start buying oil aggressively again and send prices sharply higher, deepening the US bond market crisis.