And China and Iran know it:
The U.S. president told Xi: “I think it’s paramount that you and I understand each other clearly, leader-to-leader, with no misconceptions or miscommunications. We have to ensure competition does not veer into conflict.”
At a bucolic Northern California estate, the two set to work on detangling a multitude of tensions. Their meeting, on the sidelines of the annual Asia-Pacific Economic Cooperation conference, has far-reaching implications for a world grappling with economic cross currents, conflicts in the Middle East and Europe, tensions in Taiwan and more.
They reached expected agreements to curb illicit fentanyl production and to reopen military ties, a senior U.S. official said after the meeting ended. Many of the chemicals used to make synthetic fentanyl come from China to cartels that traffic the powerful narcotic into the U.S., which is facing an overdose crisis.
Top military leaders will resume talks, increasingly important particularly as unsafe or unprofessional incidents between the two nations’ ships and aircraft have spiked, said the official who spoke on condition of anonymity to discuss the agreements ahead of Biden’s remarks.
(Sidebar: did you bring up the spy balloons, Joe?)
**
Did everyone forget how Iran funded the October 7th massacres?:
The Biden administration on Tuesday reapproved a sanctions waiver that will allow Iran to access upward of $10 billion in frozen assets, the State Department confirmed to the Washington Free Beacon.
The sanctions waiver, which was set to expire today after first being authorized for a period of 120 days in July, allows Iraq to transfer payments for multibillion-dollar electricity imports from Iran into accounts outside of the country that can be used by Tehran. This is the first time the Biden administration has renewed the waiver since the Iran-backed terror group Hamas launched an unprecedented attack on Israel that was reported to have been planned with Tehran's support.
Renewal of the waiver "allows Iraq to use its own funds to render payment for Iranian electricity imports into restricted Iranian accounts in Iraq," a State Department official told the Free Beacon, speaking only on background. "These restricted funds can only be used for humanitarian and other non-sanctionable transactions."
That stupid, senile, old man.
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