RIYADH ¨C The United States and China have come to an understanding on the direction of their trade relationship after a nearly 16-month trade war, White House adviser Jared Kushner said on Tuesday.

Kushner, President Donald Trump¡¯s son-in-law, told a panel at the Future Investment Initiative conference in Riyadh that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin ¡°have made a fabulous deal¡± with Beijing.

¡°I think people understand the president, that he¡¯s firm, they know that he¡¯s going to make the decisions that he thinks are right, and I think ultimately that we¡¯ve come to an understanding with China now on where we want to head,¡± Kushner said.

Kushner did not mention any details of an emerging ¡°Phase 1¡± trade deal that Trump outlined on Oct. 11, covering Chinese purchases of U.S. agricultural goods, intellectual property protections, currency practices and increased access for U.S. companies to China¡¯s financial services market.

U.S. and Chinese negotiators are working to try to complete a text for the agreements for Trump and Chinese President Xi Jinping to sign at an Asia-Pacific Economic Cooperation summit in Chile Nov. 16-17.

The U.S. Trade Representative¡¯s office said on Friday that Washington and Beijing are ¡°close to finalizing¡± some sections of a trade agreement after a phone call between top negotiators.

Kushner acknowledged that the trade dispute with China, which has heaped tariffs on hundreds of billions of dollars worth of each others¡¯ goods, has had political costs for Trump.

¡°All of the costs of it, the tariffs, the retaliation that people have put on, he¡¯s paid the price for, during his presidency,¡± Kushner said.

But he said the trade deals that result from such disputes will bring back jobs to the United States.