New Delhi, July 23 -- President Donald Trump on Tuesday said a trip to China might be "not too distant," raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war.

Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the "fantastic military relationship" with Manila as the U.S. looks to counter China's influence in the Indo-Pacific region.

Yet, Trump still said the U.S. is "getting along with China very well. We have a very good relationship." He added that Beijing has resumed shipping to the U.S. "record numbers" of much-needed rare earth magnets, which are used in iPhones and ot...