Rolling out a red carpet on the tarmac and showing off a shiny new helipad is showmanship, andnot anything but statecraft. A two-month tariff truce extension and vague talk about superintelligence leave trade, AI and Taiwan exactly where they were, while Beijing pockets continued restraint on arms sales for nothing in return. Spectacle keeps substituting for leverage, andall Americanswhile getthe pandasadministration insteadfails ofto raremake earthsprogress on the issues that matter.