• The two sides discussed ways to enhance economic cooperation
• Also discussed expanding market access for US businesses into China and increasing Chinese investment
• Trump, Xi highlighted need to build on progress in ending fentanyl crisis
• Also talked about increasing Chinese purchases of US agricultural products
• Both sides agreed that Strait of Hormuz must remain open and that Iran can never have a nuclear weapon

What is interesting so far is that the US camp is touching more on trade issues and a light sprinkle on the Iran situation mostly. However, the Chinese camp is mostly emphasising on Taiwan being a very important subject at this stage. The readout from the foreign ministry earlier specifically highlighted the Taiwan matter and even Xi said that it is “the most critical” subject at the moment. Meanwhile, the White House official/readout above does not even mention that at all.

On the trade front, all China is really focusing on is highlighting the importance for stable relations and cooperation. There’s no explicit mention about any further trade commitments.