BANGKOK (AP) — The U.S. and China have signed an agreement on trade, President Donald Trump said, adding he expects to soon have a deal with India. Commerce Secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the agreement.

The US economy shrank at an annualized 0.5% rate in the first quarter, while Chinese manufacturers, notably automakers, have seen profits slump.