This story was originally published by the WND News Center.
The report said a Trump administration official confirmed the two nations have an "understanding" and China is not going to "impose the rare earth controls that they proposed."
And China is buying shiploads of soybeans, a development that will please American farmers.
"We have a deal. Now every year we'll renegotiate the deal," Trump said on Air Force One. "All of the rare earth has been settled, and that's for the world."
Rare earths are needed for American products including smartphones, electric vehicles, medical equipment, satellites and more.
China's chief even delivered an unexpected surprise, thanks to Trump for promoting peace around the globe. Trump has, in fact, worked to bring to a halt local conflicts in many locations.
"A spokesperson for China's Ministry of Commerce confirmed the progress between the two countries in a statement regarding the Trump-Xi summit," the report said.
"The leaders of China and the United States just met in Busan, South Korea, and discussed in depth issues such as China-U.S. economic and trade relations, agreeing to strengthen cooperation in economic and trade fields. China is willing to work with the United States to jointly safeguard and implement the important consensus reached at the meeting between the two heads of state," the China statement confirmed.
Trump said, "Additionally, China has agreed to continue the flow of Rare Earth, Critical Minerals, Magnets, etc., openly and freely." He also said a deal is being developed for China to purchase American energy.
