Article snippet: In exchange, China will agree to purchase a “not yet agreed upon, but very substantial” amount of agricultural, energy, industrial, and other product from the U.S., to reduce the trade imbalance between the two countries, White House Press Secretary Sarah Sanders said in a statement. China has agreed to start purchasing agricultural product from our farmers immediately, it said. In addition, Trump and Xi have agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services, and agriculture, Sanders said. “Both parties agree that they will endeavor to have this transaction completed within the next 90 days. If at the end of this period of time, the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%,” she said. Xi has also agreed to designate Fentanyl as a “Controlled Substance,” meaning that those selling Fentanyl to the U.S. will be subject to China’s maximum penalty under the law, the statement said, calling it a “wonderful humanitarian gesture.” Both agreed that “great progress” has been made on North Korea, and that both Trump and Xi would strive, along with North Korean Chairman Kim Jong Un, to “see a nuclear free Korean Peninsula.” “President Trump expressed his friendship and respect for Chairman Kim,” it said. Xi expressed openness to approving a previously unapproved Qualcomm-NXP deal, sho... Link to the full article to read more