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

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.President Trump said at a White House event Thursday that Washington and Beijing had signed an agreement on trade, adding that he expects to have a deal with India soon.