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,

As the U.S. and China finalized a trade agreement, Beijing pitched itself at the “Summer Davos” summit as an antidote to global economic “confusion and anxiety.”

The U.S. and China said they have agreed on a deal to reduce tariffs and expedite shipments of rare-earth metals.