President Trump announced Wednesday a pending trade truce with China as the White House searches for momentum ahead of a looming deadline to strike dozens of other similar deals. The president's announcement was light on details but gave Trump and his team the chance to tout a victory during a crucial stretch for his trade agenda. Trump said the deal with China, struck following negotiations in London between his top economic officials and their Chinese counterparts, set tariff rates on U.S. and Chinese imports, allowed Chinese students to attend U.S. colleges and set terms for U.S. imports of Chinese rare earth minerals.