The U.S. and China have agreed on the framework for a trade deal, both nations say. It appeared critical rare earth minerals could be a key part of it.

President Donald Trump announced Thursday that the United States and China have formally signed a trade agreement, bringing an end to months of negotiations. The deal cements the informal understanding reached earlier during talks in Geneva,

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