Chinese President Xi Jinping shakes hands with President Donald Trump before a bilateral meeting during the G20 Summit on June 29, 2019 in Osaka, Japan.

President Donald Trump said Friday that he had a "very good talk" with Chinese leader Xi Jinping about the trade deal, indicating more progress has been made after they reached the initial agreement.

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The president said in a tweet that China has started "large scale" purchases of U.S. agricultural products, and a formal deal signing is being arranged. Trump added that he also talked to Xi about North Korea and Hong Kong.

The talk between the two leaders came after the countries announced last week that they had agreed on the text of a so-called phase one trade deal. The agreement includes some tariff relief, increased agricultural buying, and certain structural changes to intellectual property and technology issues.