(NewsNation) — President Donald Trump and China's Xi Jinping tackled a laundry list of issues dividing the world's two biggest economies late Wednesday.

Xi and Trump left the nearly two-hour meeting with newfound solidarity on the reduction of hefty tariffs, cooperation to resolve TikTok issues in the United States and soybean purchases from American farmers. No formal agreement was signed.

"I thought it was an amazing meeting ... A lot of decisions were made too, there wasn’t too much left out there," Trump said after the face-to-face meeting, which took place in the South Korean city of Busan.

China's government released a statement Thursday morning confirming the deal and announcing it would suspend export controls on U.S. goods for one year, in return for the U.S. pausing its measur

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