Donald Trump sounded triumphant afterwards. Trump declared the two leaders had “settled” their differences on one of the thorniest issues, and a major source of Beijing’s leverage: access to China’s rare earths.

Chinese President Xi Jinping is expected to press the U.S. to shift its policy on Taiwan when he meets this week with President Donald Trump, who is pushing for a trade deal.

Trump returned from his trip to Asia earlier Thursday, after speaking with world leaders in Malaysia, Japan and South Korea. He also met with Chinese President Xi Jinping during his stop in South Korea.

US President Donald Trump and Chinese President Xi Jinping will meet next Thursday on the sidelines of the Asia-Pacific Economic Cooperation summit, the White House announced, as the leaders of the world’s two largest economies look to deescalate a simmering trade war.

Follow live updates as President Donald Trump continues his three-country Asia tour with a final stop in South Korea, where he's meeting with China's Xi Jinping.

The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing the details as soon as Thursday.