Tariffs/TradeIMPORTANT

WHITE HOUSE STATEMENT: US President Trump had a good meeting with Chinese President Xi; the two sides discussed ways to enhance economic cooperation; the two sides agreed that the Strait of Hormuz must remain open

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STRAIT OF HORMUZ/IRAN The two sides agreed that the Strait of Hormuz must remain open. Both countries agreed that Iran can never have a nuclear weapon. BUSINESSTwo sides discussed expanding market access for American businesses into China and increasing Chinese investment.FENTANYLThe presidents also highlighted the need to build on progress in ending the flow of fentanyl precursors into the United States, as well as increasing Chinese purchases of American agricultural products.TRADETrump and Xi discussed increase agriculture and oil trade.TAIWANNot mentioned in White House readout.

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