Repeating his read-out of his call with President Xi Jinping, President Donald Trump reiterated “we have a deal” with China on trade, albeit with the caveat the deal is an agreement in principle and there remains some t’s to cross.

“I think we’re in very good shape with China and the trade deal: We have a deal with China, as you know, but we were straightening out some of the points having to do mostly with rare-earth magnets and some other things,” Trump said in an Oval Office press gaggle Thursday after releasing his Truth Social readout.

“So it’s reduced trade tariff rates. They remain in effect. We have the deal.”

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