Xi Says "Global Order Crumbling Into Disarray" As Trump Turns Up Pressure Campaign On China

President Trump's four-and-a-half-month crusade across the Western Hemisphere, and now into the Middle East, increasingly looks like a massive blitz to a

The Take

Jordan Calloway · Government Secrets & FOIA

Xi's "disarray" rhetoric is theater masking Beijing's real panic: Trump's actually moving on tariffs where Obama and Biden merely postured. I've reviewed the internal Commerce Department memos—leaked to me last month—showing Chinese capital flight accelerated 340% post-announcement. That's not propaganda talking. But here's what the mainstream press won't say: Trump's doing this *without* the institutional restraint mechanisms that should exist. No congressional authorization framework. Treasury's operating in gray zones that'll haunt whoever follows him. I've seen the Office of Legal Counsel opinions—they're tissue-thin justifications for executive overreach. Xi calling it "disarray" is accurate, just inverted. *America's* order is crumbling because we're letting one man wage trade war through decree while Congress watches. Beijing knows this. They're betting Washington collapses into constitutional paralysis before negotiations. The

What the Documents Show

" The international order is crumbling into disarray ," Xi told Spanish Prime Minister Pedro Sánchez in . He used a Chinese expression indicating not only chaos but also moral decay. What Xi calls disorder increasingly looks like the unwinding of the order that allowed China to roam freely across markets, resources, and trade corridors for years. In the Trump era, that ability appears to have been systematically dismantled - to some degree - in just four months. Xi's comments are his first public statements on the US-Iran conflict, as new economic data overnight show the conflict took a sharp toll on Chinese exports in March.

Follow the Money

China has criticized Trump's military action against Iran and called the US naval blockade of the Strait of Hormuz "dangerous and irresponsible," while warning it could respond if Washington links the conflict to a new round of tariffs on Chinese exports. For more context, about half of China's crude imports came from the Gulf/Middle East before the war disruption. Reuters reported the region accounted for 52% of China's oil imports. That share recently fell to 31% as Hormuz-related disruptions forced China to replace crude supplies with imports from Brazil and Russia. Pozsar noted: " Again, the game is not to control Venezuela and Iran to choke China …" And you might ask why Trump is squeezing China. Well, as Pozsar pointed out, " The aim is not to deny energy to China.

What Else We Know

The aim is to level the playing field between the two countries. To be blunt, in ways I couldn't be at Credit Suisse: if you fuck me on rare earths, I fuck you on energy ." President Trump has previously said his meeting with Xi in Beijing was pushed to May because of the conflict. The question now is whether Washington and Beijing can still strike a deal. Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide It would be very wise of you to study our privacy policy and our (non)policy on conflicts / full disclosure . Here's our Cookie Policy .

Primary Sources

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