Trump "exchanged pleasantries" with Saudi crown prince at G20

Trump, Xi Agree On Tariff Cease-Fire, As Trade Talks Continue

The White House statements confirmed Chinese media reports that said no additional tariffs would be imposed after January 1, and that negotiations between the two sides would continue.

According to Sanders, Xi agreed that China would purchase "a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries".

"This was an incredible and productive meeting with unlimited possibilities for both the United States and China", he said in a statement.

The meeting was the first face-to-face encounter between the leaders in more than a year, a period that saw Trump impose tariffs on billions of dollars in Chinese imports in a bid to force Beijing to halt trade practices the USA considers unfair.

The G20 Summit of leaders of the world's most powerful nations ended in Buenos Aires, the capital of Argentina, with a consensus for "fair and sustainable development through an agenda that is people-centred, inclusive and forward-looking".

Trump and Xi also "agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture, according to the White House statement".

The U.S. and China have agreed to a 90-day truce in a bid to work out their trade differences. If they fail to reach a deal, the 10% tariffs will rise to 25%.

The White House is calling the Chinese president's decision a "wonderful humanitarian gesture".

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Xi Jinping and Donald Trump: a beginner's guide to translating Chinese diplomatic speak Xi let his eyes wander up and down the row of American officials as Trump was talking, rather than making sustained eye contact with the US President.

Trump and Xi were seated across from each other in the middle of the table, surrounded by their respective delegations.

China also conceded to label fentanyl, the synthetic opioid cited in thousands of drug deaths, as a controlled substance and agreed to reconsider a takeover by US chipmaker Qualcomm that it had previously blocked.

Leading up to the high-stakes dinner, much was made of Xi's weakened position. "And I think at some point, we're going to end up doing something which is great for China and great for the United States".

The US has hit $250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products. The leaders finished their talks after about 2-1/2 hours and Trump departed for his scheduled flight back to Washington.

Other attendees on the U.S. side included Treasury Secretary Steven Mnuchin, Secretary of State Michael Pompeo, U.S. Trade Representative Robert Lighthizer, China hawk and senior adviser Peter Navarro, National Security Adviser John Bolton and Trump's son-in-law, Jared Kushner, who's a senior adviser to the president.

US companies and consumers are bearing part of the cost of the USA tariffs on China by paying higher prices for goods, and many companies have increased prices of imported goods. "Discussion on economic and trade issues was very positive and constructive".

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