Trade deals normally take years to negotiate, and countries around the world have been thrown into resolving differences with the current Trump administration within a matter of months.
One key win for Trump is that China has agreed to suspend export control measures it had placed on rare earths, crucial for the production of everything from smartphones to fighter jets.
A jubilant president told reporters on Air Force One that he had also got China to start immediately buying a "tremendous amounts of soybeans and other farm products". Retaliatory tariffs on American soybeans by Beijing had effectively halted imports from the US, harming US farmers - a key voting block for Trump.
There was, however, no mention of a breakthrough on TikTok. The US has sought to take the video-sharing app's US operations away from Chinese parent company ByteDance for national security reasons. Beijing said afterwards it would continue to work to resolve the issues.
Meanwhile, the US has said it will drop part of the tariffs it has levied on Beijing over the flow of ingredients used in making fentanyl to the US. Trump has imposed severe tariffs on the US's top trade partners for their perceived failure to clamp down on the drug.
However, it seems other tariffs, or taxes on imported goods, will remain in place, meaning that goods arriving in the US from China are still being taxed at a rate of over 40% for US importers.
Beijing will also be able to speak to Jensen Huang, the head of US tech firm Nvidia - according to Trump. Nvidia is at the heart of the two countries' fight over AI chips: China wants high-end chips but the US wants to limit China's access, citing national security.
Beijing has also extended an invitation to Trump to visit China in April - yet another sign of thawing relations.