President Donald Trump has announced that the United States and China have signed a trade agreement, and expressed optimism about reaching a similar deal with India in the near future.

Speaking late Thursday, Trump confirmed, “We just signed with China the other day,” though he provided no further details.

US Commerce Secretary Howard Lutnick, in an interview with Bloomberg TV, also confirmed the development, stating that the agreement was “signed and sealed” two days ago. However, like Trump, he did not disclose specifics of the deal.

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The agreement comes after earlier negotiations in Geneva in May, where both countries agreed to postpone significant tariff hikes that threatened to disrupt trade flows. Subsequent talks in London laid the groundwork for a formal agreement, which Trump and Lutnick referenced.

“The president likes to personally close these deals. He's the ultimate dealmaker. We’re going to see one deal after another,” Lutnick added.

Meanwhile, Beijing has not formally confirmed the signing of a new agreement. However, the Chinese government announced earlier this week that it is expediting approvals for rare earth exports—critical materials used in advanced technologies like electric vehicles. Restrictions on rare earth exports have been a major sticking point in US-China trade relations.

The Chinese Commerce Ministry stated on Thursday that authorities are accelerating the review of rare earth export licenses and have already approved a number of qualified applications.