The statement came after U.S. President Donald Trump said that both sides had signed a trade deal, without providing further details.

With his Commerce and Treasury secretaries close by, US president says ‘we just signed with China yesterday’.

US commerce secretary Howard Lutnick quoted as saying US countermeasures will be removed once US receives rare earths

Announcement follows high-level negotiations in London and comes amid intensifying competition over strategic technologies.

BANGKOK: The US and China have signed an agreement on trade, President Donald Trump said, adding he expects to soon have a deal with India. Commerce Secretary Howard Lutnick told…

The statement came after U.S. President Donald Trump said that both sides had signed a trade deal, without providing further details.

"China will, in accordance with the law, approve applications for the export of controlled goods that meet the relevant requirements," the ministry’s statement said

“The president likes to close these deals himself. He's the dealmaker. We're going to have deal after deal,” Commerce Secretary Howard Lutnick said.

The United States and China have reached a trade deal, China's Commerce Ministry confirmed in a statement on Friday.

China’s Ministry of Commerce says the two sides “further confirmed the details of the framework.”

The deal involves loosening exports of rare earths to the United States and the lifting of some restrictions on U.S. goods to China, China’s Ministry of Commerce said.

China confirms details amid efforts to end tariff war, but questions remain over Trump’s global trade policy.

Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China.