🇺🇸🇮🇷 White House released full text of the MoU The points summarised are as follows: 1. The U.S. and Iran, and their allies in the current war, by signing this MoU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. 2. The U.S. and Iran will respect each other's sovereignty and territorial integrity and refrain from interfering in each other's internal affairs. 3. The U.S. and Iran commit to achieving a final deal in a maximum of 60 days, extendable with mutual consent. 4. The U.S. will immediately begin the removal of its naval blockade and any disturbances or impediments against Iran, and will fully end the naval blockade within 30 days. During this period, the traffic will be in proportion to the number of pre-war traffic being restored by Iran. The U.S. further undertakes to remove its military forces from the proximity of Iran within 30 days after the final deal. 5. Iran will make arrangements for the safe passage of commercial vessels with no charge for 60 days from the Persian Gulf to the Sea of Oman, and vice versa. The traffic of commercial vessels will immediately start, considering the need for removing the technical and military obstacles and demining, within 30 days. Iran will conduct a dialogue with Oman to define the future administration and maritime services in the Strait of Hormuz in discussion with other Persian Gulf littoral states in line with international law and the sovereign rights of coastal states of the Strait of Hormuz. 6. The U.S. undertakes with its regional partners to develop a definitive, mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of Iran, as part of the final deal after 60 days. All required licenses, waivers, and permissions will be granted. 7. The U.S. will terminate all types of sanctions against the Islamic Republic of Iran, including the UNSC resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in an agreed-upon schedule as part of the final deal. 8. Iran reaffirms that it shall not procure or develop nuclear weapons. The U.S. and Iran have agreed to resolve the disposition of stockpile enriched materials, pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in paragraph seven, with at a minimum a downblending on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to Iran's nuclear needs. 9. Pending the final deal, the U.S. and Iran agree to maintain the status quo. Iran will maintain the current status quo of its nuclear program, and the U.S. will not impose any new sanctions and will not deploy additional forces in the region. 10. The U.S. undertakes that immediately upon the signing of this MoU, waivers will be issued for the export of Iranian crude oil, petroleum products, and derivatives, and all associated services, including banking transactions, insurances, transportation, etc. 11. The U.S. undertakes to make fully available for use the frozen or restricted funds of the Islamic Republic of Iran upon the implementation of this MoU. The U.S. and Iran will mutually agree on the procedures related to the release of these funds during the negotiations. 12. A monitoring mechanism will be established to supervise the implementation of this MoU and the subsequent deal. 13. After signing this MoU and subject to the beginning of the implementation of paragraphs 1, 4, 5, 10, and 11, and the continuing implementation of these measures, the U.S. and Iran will start negotiations regarding the final deal. 14. The final deal will be endorsed by a UNSC Resolution.

BREAKING: The US has released the full text of its 14-point "Memorandum of Understanding" with Iran. Key terms include: 1. The US, Iran, and their allies agree to immediately and permanently end military operations on all fronts, including in Lebanon 2. The US and Iran agree to respect each other's sovereignty and territorial integrity and not interfere in each other's internal affairs 3. The US and Iran commit to negotiating and reaching a final deal within 60 days, unless mutually extended 4. The US will begin removing its naval blockade immediately and fully end the blockade within 30 days 5. Iran will use its best efforts to ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days with no charge 6. The US and regional partners will develop a mutually agreed plan of at least $300 billion for Iran's reconstruction and economic development 7. The US will work toward terminating all types of sanctions against Iran, including UN, IAEA, primary, and secondary sanctions 8. Iran reaffirms that it will not procure or develop nuclear weapons and agrees to address its enriched material stockpile under IAEA supervision 9. Until a final deal is reached, Iran will maintain the current status quo of its nuclear program, while the US will impose no new sanctions and deploy no additional forces 10. The US Treasury will issue waivers for Iranian crude oil, petroleum products, derivatives, and associated banking, insurance, and transportation services 11. The US will make frozen or restricted Iranian funds and assets fully available for use 12. The US and Iran will establish an executive mechanism to monitor implementation of the MOU and future compliance with the final deal 13. After signing the MOU and implementing key ceasefire, blockade, shipping, oil waiver, and asset-release provisions, the US and Iran will begin final deal negotiations 14. The final deal will be endorsed by a binding UN Security Council resolution The memorandum will trigger a 60-day window to negotiate a final deal.

pinging my app developer mutuals on X ive recently procured one of these SHARP SH-06D NERV evangelion edition thingies it is running 4.0.4 ICS, 1GB RAM, 4GB storage (w/ SD slot!) and I want to root it and develop some custom stuff however, Claude shits itself and not only restricts Fable but Opus too - recommends I use Sonnet!?! WTF! Absolutely disappointed - thinking of running @NousResearch x @Kimi_Moonshot instead via openrouter for barebones android app development (15 year old phone, by the way) any suggestions from my dev mutuals?

BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings. To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001. At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just 11.7%. By comparison, the bottom 50.0% of earners hold just 1.1%. As a result, the top 10% of earners now own ~87.4% of all equity and mutual fund assets. Asset owners are the only winners in this economy.

🚨𝗪𝗵𝗮𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱 𝘁𝗼 𝘁𝗵𝗲 𝟱𝟲 𝗺𝗲𝗻 𝘄𝗵𝗼 𝗽𝗹𝗲𝗱𝗴𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗹𝗶𝘃𝗲𝘀 𝗮𝗻𝗱 𝗳𝗼𝗿𝘁𝘂𝗻𝗲𝘀 𝘁𝗼 𝗳𝗼𝘂𝗻𝗱 𝘁𝗵𝗲 𝗨𝗦𝗔? The 56 Men Who Pledged Their Lives, Fortunes, and Sacred Honor: On July 4, 1776, 56 brave men signed the Declaration of Independence. They knew that if they failed, they would be hanged as traitors to the British Crown. In the final sentence of the document, they declared: “And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.” These were not wild-eyed radicals. They were lawyers, merchants, farmers, doctors, and men of means and education. Many had everything to lose. Their Sacrifices Were Real: - 9 signers died during the Revolutionary War from wounds or the hardships of war. - 5 were captured by the British and brutally tortured as traitors. - 12 had their homes completely ransacked and burned to the ground. - 17 lost everything they owned. Several had wives and children imprisoned or killed. Two lost sons in battle; another had two sons captured. Many were hunted, driven from their homes, and forced to live in hiding. Some notable examples: Francis Lewis (New York): His wife was imprisoned and tortured by the British. She never recovered and died soon after. Richard Stockton (New Jersey): Dragged from his bed in the middle of the night, imprisoned, and his home burned. Thomas McKean (Delaware): Forced to move his family constantly to avoid capture. Carter Braxton (Virginia): A wealthy merchant who lost almost all his ships and fortune supporting the war. He died in poverty. John Hart (New Jersey): His home was destroyed, his farm ruined, and he was forced to hide in caves. He returned to find his wife dead and children vanished. NOT ONE of them backed out. NOT ONE defected. NOT ONE betrayed the cause. They gave everything so that a new nation founded on liberty could be born. This Independence Day, remember the price these 56 men and their families paid. They didn’t just sign a piece of paper. They risked everything for the idea that “all men are created equal” and "endowed by their Creator" with unalienable rights. Freedom is not free.🇺🇸

Probability quantifies likelihood from 0 (impossible) to 1 (certain). P(event) = favourable ÷ total outcomes. Diagrams show A ∪ B, A ∩ B, A' with P(not A)=1−P(A), A only=A∩B'. Mutually exclusive: A∩B=∅. Addition: P(A∪B)=P(A)+P(B)−P(A∩B). Independent: P(A∩B)=P(A)×P(B). Theoretical die P(5)=1/6≈0.1667; experimental from trials. Expected=P×trials. Sample space e.g. {1,2,3,4,5,6}. Stats: range=max−min, IQR=Q3−Q1 (middle 50%), mode most common, mean average, median middle, outliers distant. Actuaries set insurance premiums using claim probabilities from past data.

Ethena is going after the distribution it could not achieve on its own. Firstly, with @coinbase and now @JanusHenderson, a $480bn asset manager. Both of these partnerships are mutually beneficial 👇 - USDe becomes accessible to a wider range of users and investors, along with strategic investments in - Coinbase secures another client for its Custody & Institutional Lending, reduces its reliance on Circle and gains a potential new savings product in sUSDe - Janus Henderson gains capital in its JAAA fund For Ethena, new initiatives and partnerships have been commonplace over the past year. Ultimately, they want USDe and its use cases to grow and expand, serving as a yield-bearing dollar product distributed through exchanges, wallets and institutional rails. So as expected, they are pushing in every direction they can, with Coinbase and Janus Henderson the latest expansion surfaces. However, not all of their endeavours have achieved strong starts. - Ethena’s Hyperliquid push has not really worked yet and, given @TradeXYZ’s dominance, may never succeed. @hyenatrade was meant to be a strong player in the Hyperliquid ecosystem, giving traders access to yield on their collateral, but Blockworks’ HIP-3 data from @shaundadevens shows HYENA producing just 0.4% deployer APR, barely above Felix Perps at 0.3%, with Felix announcing their HIP-3 deployment shutdown just yesterday. - @Convergeonchain, Ethena and @Securitize’s chain, purpose-built for onchain finance, also remains a roadmap mystery, with no word from the X account or blog for nearly a year. - MegaUSD (USDm) has had some success, using Ethena’s USDtb rails to direct reserve yield toward sequencer costs. This was an example of Ethena experimenting with whitelabel stablecoin infrastructure that other ecosystems can package. MegaUSD now sits at around $200m in circulation, down from highs of more than $560m one month ago. Ethena’s first few distribution experiments outside of Binance and Bybit, while credible, have been patchy in outcomes. But that could well change with these two partnerships. They are more intentional and mutually beneficial, providing access to a much larger TAM.

I am the Director of Summit Outcomes for the Presidential Advance Team. My job is to land in a foreign capital and leave with a word the President can say on the tarmac. We landed in Beijing 6 days after rolling back the tariffs we spent 4 years imposing. 145% to 30%. The average rate before the trade war was approximately 3%. In Geneva, we called this "creating the conditions for productive dialogue." The conditions were that we had already conceded. I want to be clear: Beijing was a success. We went in with 7 objectives. We left with 3 photo categories, a tentative agreement China has not confirmed, and a bag of burner phones we threw off Air Force One on the tarmac. Diplomacy. My team prepared the deliverables matrix in March. 241 line items organized by urgency, feasibility, and what we call "headline potential." The President reviewed it for 4 minutes. He circled "big deal" and "historic" and wrote "MORE" next to the Boeing section. That became the strategy. Boeing was the centerpiece. 500 aircraft was the White House number we briefed to reporters before departure. 300 was the floor. The Chinese offered 200. Their commerce ministry released the number before we could brief the press. Boeing stock dropped 4.73% that afternoon. Boeing referred questions about the order to the White House. The company receiving the aircraft could not confirm it was receiving aircraft. We called it "fantastic." In Washington, "fantastic" means the other side named the number and the market already priced in your failure. I should note: in 2017, the President announced $250 billion in deals during his first China trip. 300 aircraft. An $84 billion shale gas investment in West Virginia from China Energy Investment Corporation. I can tell you the exact amount of that investment that materialized. Zero. The shale facility was never built. The 2017 Boeing order was renegotiated twice and partially canceled during the trade war the President started 8 months later. There is a binder in my office labeled "2017 OUTCOMES: DO NOT REFERENCE." It is 3 inches thick. It has not been opened in 4 years. We do not reference it because the outcomes are the reference. The agricultural package was what we call a "scaffolding commitment." Billions in purchases over 3 years, structured so the announcement is front-loaded and the verification is someone else's administration. U.S. Trade Representative Greer said "double-digit billions." Beijing's Commerce Ministry issued a statement about "deepening cooperation in agricultural trade." Those are not the same sentence. By design. My deputy maintains a glossary of every term we have invented for agreements that are not agreements. It is 41 pages. He updates it after each summit. Last quarter he added "scaffolding commitment," "streamlined licensing framework," and "mutual recognition of shared concerns." He is in line for a promotion. NVIDIA was the quiet win. H200 chips approved for approximately 10 Chinese companies. We don't say "approved." We say "under a streamlined licensing framework." The chips ship. The export controls remain "in effect." The framework is the loophole wearing a lanyard. The controls exist because these chips in Chinese hands threaten American national security. The chips are shipping to Chinese hands. The controls remain in effect. Both of these are true. Fentanyl was discussed for 9 minutes. Both sides agreed it was a problem. Both sides agreed to continue discussing it. We added it to the deliverables matrix under "ongoing mutual engagement." The previous version of the matrix also listed it under "ongoing mutual engagement." That was in 2023. I copied the line item from the 2023 matrix into the 2026 version. Changed the date. The language was identical. But Taiwan. Taiwan was the deliverable we didn't put on the matrix. I watched the Taiwan exchange from the overflow room on a 12-second delay. I had the contingency statement drafted in 3 versions: "productive exchange," "frank discussion," and "both sides reaffirmed their respective positions." I used none of them. There was no contingency for silence. Chairman Xi released his remarks before the meeting was over. While the President was still seated across the table, Chinese state media published the transcript. "Clashes and even conflicts." His bluntest language on Taiwan in the history of the relationship, released to 1.4 billion people while we were still pouring tea. We called this "sequencing." The President was asked whether he would defend Taiwan if China attacked. He chose not to answer. We wrote that down as "a strong listen." The $14 billion arms sale. Already approved by Congress. The largest in the history of the Taiwan Relations Act. Taiwan's parliament spent months appropriating the $25 billion to proceed with this package and the $11 billion tranche approved last year. They finally secured the funding this month. The President told Fox News it was "a very good negotiating chip." He used the word "chip." Referring to the defense of 24 million people. Taiwan's Ministry of National Defense sent our office a letter requesting clarity on the delivery timeline. 3 pages. It referenced specific weapons systems by name: F-16V Block 70 fighters, HIMARS launchers, Harpoon coastal defense missiles. The letter was addressed to me. I filed it under "pending." On Air Force One, a reporter asked about the 1982 Six Assurances, the framework in which the United States committed not to consult with Beijing before selling arms to Taiwan. The President said: "What am I going to do, say I don't want to talk to you about it because I have an agreement wrote in 1982? No, we discussed arms sales." 44 years of bipartisan Taiwan policy, dismissed in 2 sentences at 38,000 feet. We are calling this "a modernized approach to alliance management." Our readout mentioned trade, agriculture, energy, and regional stability. It did not mention Taiwan. I wrote it. Their readout opened with Taiwan. I have staffed 7 summits across 2 administrations. This is the first where I could not draft a single deliverable as a success without a qualifier. In my office there is a laminated card that lists every synonym for "undecided" that polls above 40% approval. "Active review" is 3rd. "Determination" is 7th. Both tested well with independents in the Midwest. He also said: "Taiwan would be very smart to cool it a little bit. China would be very smart to cool it a little bit." He was eating a cheeseburger. He said this while eating a cheeseburger. Secretary Rubio told NBC that Taiwan arms sales "did not feature prominently." This is accurate in the same way that the iceberg did not feature prominently in the Titanic's itinerary. Representative McCaul, Republican of Texas, former chairman of the House Foreign Affairs Committee, said the United States must "arm Taiwan so they can defend themselves." He said Xi was "very aggressive" regarding Taiwan during the summit and that "most of what Xi talked about was Taiwan." Representative Meeks, Democrat of New York, ranking member of the same committee, said Xi has "leverage over the president" but not "over the United States Congress and the American people." He noted that Congress already approved the package. "The president is the one that's holding it up." Representative Fitzpatrick, Republican of Pennsylvania, compared Taiwan to Ukraine. He called both "fortresses of democracy on the front lines." Speaker Johnson said Taiwan needs to "stay independent and secure." The bipartisan consensus was that something had gone wrong. The bipartisan action was press quotes. No vote. No resolution. No hearing scheduled. 4 members of Congress from both parties said the right words to reporters and then went to lunch. That's how the system processes alarm. I monitor 14 accounts we classify as "aligned messaging amplifiers." Within 4 hours of the Taiwan exchange, 9 went silent. 2 pivoted to fentanyl. 1 posted 3 words: "Not like this." It received 280,000 impressions in 90 minutes. He deleted it and posted about the border instead. The President patted Chairman Xi on the back 7 times during the Zhongnanhai garden walk. We counted. He called him "my friend" in 4 languages, 2 of which he does not speak. He asked if other world leaders had been invited to the compound. They had. Putin was there last year. The President asked if his tour was longer. 15 CEOs flew with us to Beijing. Their combined net worth approaches $1 trillion. Cook. Musk. Jensen Huang. Larry Fink from BlackRock. Jane Fraser from Citigroup. David Solomon from Goldman Sachs. Stephen Schwarzman from Blackstone. Kelly Ortberg from Boeing. The CEO of Visa. The CEO of Mastercard. The CEO of Qualcomm. Illumina. Micron. Cargill. GE Aerospace. Musk and Huang rode on Air Force One. The others flew commercial. Tesla's Shanghai factory produces approximately half of the company's vehicles worldwide. Musk's presence on Air Force One was noted by my counterintelligence liaison. No further action was taken. We organized the state banquet seating chart by net worth. I am told this was the President's suggestion. They came for market access. Xi told them China would "open further to American business." That was the deliverable. Those 5 words. No specifics. No timeline. No sectors named. 15 chief executives flew to Beijing and received a sentence. Chairman Xi has delivered this sentence at every summit I have staffed. It has not once been followed by a named sector, a timeline, or a specific commitment. It is received as news each time. 43 lobby badges in a Ziploc bag. That's what my team collected from the CEOs after the garden tour. Standard protocol. The badges were embossed with the Great Hall of the People seal. Several executives asked if they could keep them. We said no. One asked twice. 15 executives with combined access to American financial, defense, and technology infrastructure had spent 3 hours inside the Great Hall of the People. We secured the lobby badges. The S&P 500 futures dropped 1% on the morning after the summit. The KOSPI fell 6.12%. China's CSI 300 fell 1.12%. UBS told clients that "much increasingly scarce jet fuel has been burned to produce nothing of real substance." Fortune's headline was "Wall Street sees nothing of real substance." The markets liked the anticipation. The markets did not like the deliverables matrix. Iran was the item we listed as "mutual recognition of shared concerns." The President told reporters they "feel very similar." Xi sat in silence. China's Foreign Ministry did not comment on any commitment regarding the Strait of Hormuz. The President then told reporters the United States "doesn't need the Strait of Hormuz open at all." Oil hit $109 per barrel. Deutsche Bank flagged it as a market-killing statement within the hour. The President described Iran as "a little bit crazy." This was during a toast. Over Peking duck. Rare earths. I prepared a 40-page brief on critical mineral dependency. Supply chain maps for 14 minerals. $1.2 trillion in dependent U.S. industries. Roughly 4% of GDP. The President circled the GDP figure and wrote "big." In the meeting, he asked Chairman Xi if rare earths were "the things in magnets." They are. They are also in every F-35, every Patriot missile battery, and every MRI machine in the country. The discussion lasted 11 minutes. 3 of them were about magnets. No agreement on export licenses. China exposed our dependency last year and has not let us forget it. The Supreme Court struck down our tariffs separately, which was helpful context for the discussions. Fentanyl received 9 minutes. Magnets received 3. We are calling the rare earth outcome "a foundation for continued engagement." There is a poster in the Advance Team office that says "A foundation is not a building." It has been there since my first summit. No one has removed it. On the flight home, my team collected every item the Chinese government had distributed. The credentials. The pins. The keepsakes. The rose seeds Chairman Xi offered for the White House Rose Garden. Standard counterintelligence protocol. All of it went into a bag and off the plane before wheels-up. We threw away the roses. We kept the talking points. The Boeing order grew on the flight home. 500 before departure. 200 in Beijing. 750 somewhere over the Pacific. Boeing had not confirmed 200. The President told reporters on Air Force One it was "a pretty historic couple days." I wrote the line that preceded it: "Tonal reset with significant forward momentum." He used "fantastic" instead. In previous administrations, a tonal reset preceded the deliverables. In this administration, the tonal reset is the deliverable. He has used "fantastic" for every summit since 2017. I have not checked whether the word still polls well. I am told it does. Beijing has not confirmed any of the agreements announced by U.S. officials. This is consistent with the 2017 visit, where $250 billion in deals were announced and an estimated $10 billion materialized. It is consistent with the October summit, where pledges were also made and also not fulfilled. We have a term for this in the Advance Team. We call it "precedent." I have already labeled the binder for 2026. We go back in September. Same matrix. New line items. The verification will be someone else's administration. The President has already asked for the word "monumental." I am told it polls well.

# Practical and Useful Patterns with ADK 🚀 Parallel tool execution, response size reduction, latency and token cost optimization — maximize production throughput with ADK's Tool Performance guide. 📌 Title: Tool Performance — Optimizing Tool Execution for Production 🔗 URL: 🧩 Overview ADK provides multiple approaches for optimizing tool performance: parallel execution of read-only tools, response size reduction for token cost optimization, and latency reduction best practices. These optimizations are essential for achieving high throughput in production environments. 🛠 Usage Examples of parallel execution and response optimization. First, define multiple read-only tools: `get_user_profile(user_id: str)`, `get_user_orders(user_id: str)`, and `get_user_preferences(user_id: str)` are side-effect-free functions that ADK can safely execute in parallel. Next, design a response-size-optimized tool like `search_products(query: str, limit: int = 5)` that returns only essential fields (`id`, `name`, `price`) while omitting image URLs, full descriptions, and metadata. Finally, create an `Agent` with `name="customer_service"` and `model="gemini-2.5-flash"`, passing all four functions in the `tools` list. 🏗 Practical Patterns **Parallel Execution Criteria**: Tools with no side effects and no mutual dependencies are safe for parallel execution. The LLM can invoke multiple tools simultaneously, and ADK executes them in parallel. Data retrieval tools (GET-equivalent) are great candidates. For parallel-friendly design, define independent tools like `get_weather(city: str)`, `get_news(topic: str)`, and `get_stock_price(symbol: str)`. Each is a read-only function returning a simple dict with its respective data (weather conditions, news articles, stock prices). When the LLM invokes all three simultaneously, ADK automatically runs them in parallel. **Response Size Optimization**: Tool return values consume LLM context window tokens. Removing unnecessary fields, summarizing data, and implementing pagination can dramatically reduce token costs. **Latency Optimization Checklist**: 1. Cache cacheable results 2. Set timeouts on external API calls 3. Avoid returning unnecessarily large data 4. Split into multiple small tools to encourage parallel execution 💡 Use Cases 📊 Parallel fetching from multiple data sources for dashboards 🔍 Field filtering in search results for token savings ⚡ Parallel API calls across microservices 💰 Token cost optimization in high-volume request environments ⚠️ Caveats - Parallel execution of tools with side effects (writes, deletes) can cause race conditions. Sequential execution is recommended for write operations. - Over-reducing responses may leave the LLM without sufficient information, degrading answer quality. Ensure essential information is always included. - Timeouts that are too short may interrupt legitimate responses. Set appropriate timeout values. ✨ Small optimizations compound into significant performance differences in production. Start by reviewing your response sizes! #ADK# #AIAgent#

👀 As soon as Trump left, the CCP started playing the "balancing" game again. Xinhua News Agency hurriedly pinned a top headline on its front page: “Xi Jinping and Russian President Putin Send Congratulatory Messages to the 10th China-Russia Expo Respectively.” When you click in, there’s only one sentence: “Xinhua Flash: On May 17, President Xi Jinping and Russian President Putin sent congratulatory messages to the 10th China-Russia Expo respectively.” When the spokesperson for the CCP’s Ministry of Commerce answered questions about the outcomes of the China-U.S. economic and trade consultations, he listed five results: 1. Both sides will continue to implement the outcomes of previous consultations and have reached a positive consensus on relevant tariff arrangements. *(My two cents: This is basically meaningless boilerplate.) 2. Both sides agreed to establish a Trade Council and an Investment Council to discuss each side’s respective concerns in the fields of trade and investment. Through the Trade Council, they will discuss issues such as tariff reductions on certain products and have in principle agreed to reduce tariffs on products of equivalent scale that each side is concerned about. (Comment: Too vague, too general, lacks details.) 3. Both sides will resolve or substantially promote the resolution of certain non-tariff barriers and market access issues for agricultural products. The U.S. side will actively promote the resolution of China’s long-standing concerns regarding automatic detention of dairy and aquatic products, medium-sized potted landscape plants exported to the U.S., and the recognition of Shandong as a poultry influenza-free zone, etc. The Chinese side will also actively promote the resolution of U.S. concerns such as beef facility registration and poultry meat exports from certain states to China. (Comment: Still lacks details. Basically, it means China is going to buy more U.S. beef and poultry?) 4. Both sides agreed to promote the expansion of two-way trade in areas including agricultural products through mutual tariff reductions on a certain range of products and other arrangements. (Too vague, too general, lacks details, and overlaps with the previous two points.) 5. Both sides have reached arrangements regarding China’s purchase of aircraft from the U.S. and the U.S. ensuring the supply of aircraft engines and parts to China, and agreed to continue advancing cooperation in related fields. (China will purchase aircraft from the U.S.) So overall, it boils down to this: China will buy some American planes, and that’s about it. Nothing else of substance. Also: When Xi Jinping accompanied President Trump in reviewing the CCP’s military honor guard, Trump solemnly returned the military salute, while Xi showed no reaction at all. Some people joked: “If you didn’t know better, you’d think Trump was the commander-in-chief of the PLA.” And honestly, it really did look that way. On one hand, it reflects Xi Jinping’s arrogance toward his own military. He simply does not show the kind of respect for service members that Trump does. On the other hand, perhaps after previously embarrassing himself by saluting troops with his left hand during an inspection, he no longer dares—or no longer wants—to give military salutes.