The U.S. and China have reached an agreement — again — to deescalate trade tensions. But details are scarce, and the latest pact leaves major issues between the world's two biggest economies unresolved.

The United States and China have reached a trade deal, China's Commerce Ministry confirmed in a statement on Friday.

The U.S. and China have agreed on the framework for a trade deal, both nations say.President Trump said at a White House event Thursday that Washington and Beijing had signed an agreement on trade, adding that he expects to have a deal with India soon.