I think Fred Gao’s interpretation of what came out of the U.S.-China trade talks in Paris spot-on. I agree that Beijing probably understands the 301 investigations as a response to the Supreme Court ruling, and Li Chengang's response was indeed relatively restrained. I'm also not too worried about the delay in Trump's state visit. Not much was likely to come of it besides a more formal extension of the trade truce, and looks like this was already achieved at Paris. Trump only introduces an element of uncertainty at this point, especially with the war on Iran still ongoing.