Chad Scott

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9,764 appearances 31 recordings 2 series first heard Apr 2026 last heard yesterday

Chad Scott’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 31 in all, peaking in Jul 2026 with 8.

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American Power · American Power Extra: Trump, Xi and the Race to Control the Future · 18 Sep 2026 podcast

Basically it's giving the Trump administration some wiggle room here to look strong while not actually having to hurt China.

Now the two sides will probably re-engage on the proposed US China Board of Trade that I mentioned earlier, possibly identifying additional goods that are not considered strategically sensitive and reducing barriers on those products.

We're talking things like shoes, clothing, kitchenware, and lower end consumer goods.

The estimate on what possibly could be discussed would impact roughly nine percent of total bilateral trade between the two countries.

Negotiators have been discussing around ten categories of products for the initial agreement, but they still disagree over what should be included within those categories and what should qualify.

The United States wants to start very narrowly and then expand outward, whereas China, being trade oriented in their economy, wants broader exemptions.

The Trump administration i is wanting this narrow approach because they may not be too keen on opening up trade as much because they're focusing heavily on reducing the bilateral trade deficit, which has declined with China since Trump took office.

But the declining trade deficit

Honestly, has not produced faster US economic growth, higher employment, or or a major manufacturing revival within this country.

And it's largely because

there's the offsetting costs of the tariffs that are are bringing the US economy down.

Instead, some Chinese production and exports have simply moved through other countries to the US.

They're using third party countries, which means they avoid the tariffs, but the goods coming to the US are still expensive as they have to transit other countries.

Meanwhile, China's overall trade imbalance with the rest of the world has grown.

Treasury Secretary Scott Bessant recently put the number for the Chinese trade surplus across the globe at one point two trillion dollars and has called on other G twenty countries to examine their trade relationship with Beijing.

Now the next area they probably will focus on is rare earths and critical minerals, and the situation here may actually be

worse than it was even just a couple of weeks ago, largely because of the interdictions that are taking place within

Uh, the Persian Gulf region and the Strait of Hormuz.

Now China controls roughly 70 to 90 percent of the refining capacity for several important minerals, including lithium, cobalt, and graphite.

And even after years of investment by the United States and other countries, China's share of rare earth refining only declined from 90% in 2023 to around 85% in 2025.

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