President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and Beijing agreed on a framework covering tariff rates.

Axar.az reports, citing Reuters, the deal also removes Chinese export restrictions on rare earths minerals and allows Chinese students access to U.S. universities.

"We made a great deal with China. We're very happy with it," Trump told reporters before a performance at Washington's Kennedy Center on Wednesday evening. "We have everything we need, and we're going to do very well with it. And hopefully they are too."