Washington DC, June 11 -- US President Donald Trump on Wednesday confirmed that the US reached a "deal" with China following intense trade negotiations in London and now stands subjected to approval by him and Chinese President Xi Jinping.

He made the announcement on social media platform Truth Social. In his post he noted that China would supply any necessary rare earth minerals and US would allow Chinese students to pursue their education at American colleges and universities.

Trump also noted in his remarks, "Relationship is excellent!"

He wrote on Truth Social, "Our deal with China is done, subject to final approval with President Xi and me. Full magnets, and any necessary rare earths, will be supplied, up front, by China. Likewise...