Washington (CNN) President Donald Trump hailed the historic announcement made at Friday's Korea summit, which declared an intention to end longstanding hostilities between the two countries, and singled out Chinese President Xi Jinping for praise.

"KOREAN WAR TO END! The United States, and all of its GREAT people, should be very proud of what is now taking place in Korea!" Trump tweeted Friday morning, also noting, "Good things are happening, but only time will tell!"

Trump also lauded his Chinese counterpart on Friday. "Please do not forget the great help that my good friend, President Xi of China, has given to the United States, particularly at the Border of North Korea. Without him it would have been a much longer, tougher, process!" he tweeted

Early Friday morning, leaders of the two Koreas agreed to end the Korean War, 65 years after hostilities ceased, in a wide-ranging joint announcement struck Friday, that includes working towards the complete denuclearization of the Korean Peninsula.

North and South Korea announced in a joint-declaration that "there will be no more war on the Korean Peninsula" and that "a new era of peace has begun."

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