China agrees to buy US energy resources

China agrees to buy US energy resources and cooperate in the fight against fentanyl

President of the United States Donald Trump reported that China agreed to start the process of purchasing American energy resources, In particular oil and natural gas, as well as Expand imports of agricultural products.

Trump said this after talks with China's President Xi Jinping, The event took place in South Korea.

«There could be a major deal to buy oil and gas from the great state of Alaska. The energy teams will meet to see if such a deal can be struck,» the White House chief said.

Key agreements between the US and China

▪️ Energy:
China to start procurement process American energy resources - oil, gas and liquefied petroleum gas.

▪️ Critical minerals:
Beijing agreed Continue open and stable supplies of rare earth elements, magnets and strategic minerals, The company is also a major player in the US industry.

▪️ The fight against fentanyl:
China has promised to «work in good faith» with Washington to stop the flow of fentanyl - a synthetic opioid that is causing a death crisis in the United States.

▪️ Agriculture:
Beijing will also begin purchasing large volumes of soya, sorghum and other agricultural products from the United States.

Context.

These agreements are the result of of the two-hour meeting between Trump and Xi in Busan, where leaders discussed trade, energy and security policy.
Analysts believe that this could become the first step to partially reduce tensions in the US-China trade war.