The White House on Saturday unveiled details of a "historic" trade agreement between President Donald Trump and Chinese President Xi Jinping — a sweeping deal at easing tensions between the world’s two largest economies.

The agreement, which was described by the administration as a "massive victory," was finalized this week during a bilateral meeting in Busan, South Korea . It includes U.S. tariff reductions and a series of Chinese commitments on fentanyl, rare earth exports and agricultural trade, according to a White House news release.

The agreement "safeguards U.S. economic strength and national security while putting American workers, farmers, and families first," according to the White House.

Under the deal, China will curb the flow of fentanyl precursor chemicals into the U.S

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