WASHINGTON -- The United States and China have reached an agreement — again — to deescalate trade tensions. But details are scarce, and the latest pact leaves major issues between the world's two biggest economies unresolved.

The U.S. and China have agreed on the framework for a trade deal, both nations say. It appears that rare earth minerals are one key part of it.

President Trump said the U.S. had signed a trade deal with China, while Commerce Secretary Howard Lutnick said the White House is close to agreements with several trading partners, ahead of the July 9 deadline.