“Very thankful for President Xi of China’s kind words on tariffs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great progress together,” Trump tweeted.

Very thankful for President Xi of China’s kind words on tariffs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great progress together! — Donald J. Trump (@realDonaldTrump) April 10, 2018

Trump's tweet came in response to a speech the Chinese leader gave on Monday, in which he renewed his promise to “significantly lower” import tariffs, including taxes on automobiles.

Stock markets rose after Xi’s remarks, but it remains unclear whether they will end the economic dispute between the U.S. and China, which was ignited after Trump announced new tariffs on steel and aluminum and led to concerns over a brewing trade war.