The Trump administration has finalized its trade deal with China, but isn’t lifting countermeasures just yet, Bloomberg News reported Thursday

China confirmed that it had agreed with the U.S. to approve the accelerated export of rare earths after President Donald Trump said he had signed a trade deal with Beijing, and said Washington will also lift some of its export restrictions on Beijing in return.

As the U.S. and China finalized a trade agreement, Beijing pitched itself at the “Summer Davos” summit as an antidote to global economic “confusion and anxiety.”