White House press secretary Karoline Leavitt said Trump was currently reviewing the details of the deal. "But what the president heard, he liked," she added.
The negotiations in London were triggered in part by US concerns that China was being too slow to release exports of its magnets and rare earth minerals, which are essential for manufacturing everything from smartphones to electric vehicles.
Beijing in turn has criticised controls the US has put in place to limit the country's access to semiconductors and other related technologies linked to artificial intelligence (AI) and the Trump administration's plans to limit visas for Chinese students.
