US, China close to agreement to crack down on fentanyl

By Phil Mattingly | CNN

US officials are finalizing an agreement with China to crack down on the export of the source chemicals used to make fentanyl, according to two people familiar with the matter.

The deal, which has been a priority for the Biden administration, is expected to be finalized and announced in coordination with President Joe Biden’s summit meeting in San Francisco Bay Area Wednesday with Chinese President Xi Jinping.

The agreement will target companies that produce and export the source material to make the deadly synthetic opioid, said the people, who cautioned that the deal would not be finalized until its announcement. The goal would be to significantly limit the flow of precursor materials to Mexico, the people said.

The agreement is one of several administration officials have sought to finalize with their Chinese counterparts in advance of Biden’s first meeting with Xi in a year. The visit will also mark Xi’s first visit to the US since 2017 and comes as the world powers have attempted to cool tensions that have driven concern about increased risks of dangerous escalation for much of the last year.

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