1. US President Donald Trump and Chinese counterpart Xi Jinping are expected to discuss reducing the 20% tariff on China at an upcoming summit, due to China not doing enough to stop fentanyl influx into the US.
2. China is reportedly planning to commit to more controls on the export of precursor chemicals used to make fentanyl as a potential response to the tariff reduction request.
3. The summit takes place three weeks after Beijing announced it would tighten rules on exports of rare earth metals, raising questions about whether trade tensions between the two nations will escalate further.