Looking at the readouts, it’s easy to see that China and the US are spinning outcomes of the Xi-Trump meeting in different directions.
The US perspective (WSJ):
"According to the White House, the two nations will discuss thorny issues of Chinese economic policy, including forced technology transfer, intellectual-property protection, non-tariff barriers, [and] cyberintrusions."
"The two sides would “endeavor” to wrap up the talks in 90 days.""Should the talks fail…the tariffs on the $200 billion of goods would increase to 25% from the current 10%."
The Chinese perspective:"Chinese Foreign Minister Wang Yi…said only that the talks would focus on removing all U.S. tariffs and Chinese retaliatory tariffs and made no mention of a deadline."
Get smart: It’s not unusual for different governments to stress different aspects of a meeting for their domestic audiences. But in this case, the differences speak to a deep divide.
The gap is so large, that China won't even allow the US perspective on the agreement to be widely shared (Bloomberg 1):"A social media post by the U.S. embassy in Beijing about the trade agreement between the two nations was being partially censored on Monday."
Go deeper: The fine folks at Bloomberg have put together a very useful side-by-side (Bloomberg 2).
White House: Statement from the Press Secretary Regarding the President’s Working Dinner with China
WSJ: U.S., China Reach a Truce on Trade
Bloomberg: China Partly Censors U.S. Embassy Statement on Trade Truce
Bloomberg: The U.S. and China’s Trade Truce Statements, Compared