Lutnick flagged that more trade deals are on the way, and that the president was prepared to finalize several deals ahead of the July 9 deadline.

The U.S. and China have agreed on the framework for a trade deal, both nations say. It appeared critical rare earth minerals could be a key part of it.

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,