Trump: I have been in touch with the Chinese side to discuss tariff issues.
Chinese side: We have not received any information.
Trump: Negotiations have made substantial progress.
Chinese side: We are completely unaware of this.
Trump: We are considering reducing tariffs by 50%.
Chinese side: We hope the US side respects the facts; currently, there are no negotiations.
Trump: Don't forget, I am the largest consumer market in the world!
Chinese side: You can print money, so can I; but can my market of 1.4 billion people compete with your 300 million?
Both sides have their core interests, but this time, that agreement written with peace might be stuck on some island in the first island chain.