US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to permit for talks, the US says.
Two men met in Buenos Aires after the G20 summit for their first talks since a trade war explode this year.
China says they agreed not to force any new trade tariffs after 1 January.
At the summit earlier on Saturday, the G20 leaders agreed a joint declaration that notes divisions over trade but does not condemn protectionism.
What was agreed?
Ahead of the G20, Mr Trump had told US media he look for to go ahead with master plan to raise tariffs on $200bn (£157bn) of Chinese goods – first introduced in September – from 10% to 25%, starting in January.
The White House says this move is now suspended for 90 days but adds, “If at the end of this period of time, the parties are not able to reach an agreement, the 10% tariffs will be raised to 25 percent.”
In get back, the White House adds, China admit to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and extra products.
Chinese state TV said earlier: “No additional tariffs will be imposed after January 1, and negotiations in the middle the two other sides will continue.”
- Us-China trade war in 300 words
Both sides have imposed tariffs on billions of dollars’ worth of goods. The US has hit $250bn of Chinese goods with tariffs since July, and China has retaliated by assigning duties on $110bn of US products.
Mr Trump had also said that if talks in Argentina were unsuccessful, he would carry out a threat to hit the left over $267bn of annual Chinese exports to the US with tariffs of 10-25%.
US-China trade divisions meant an Asian economic summit earlier this month was not able to agree a formal leaders’ statement for the first time in its history
What else happened in Buenos Aires?
French leader Emmanuel Macron told reporters that the World Trade institution, the body that regulates trade disputes, needed to be modernised.
A senior US official told Reuters that it was the first time that the G20 had recognised that the WTO was “currently falling small of meeting its objectives” and needed reform.
On Friday Mr Trump shortly met Russian President Vladimir Putin on the sidelines of the G20, a Russian official told Reuters.
Earlier the US president said he had delay a planned press conference “out of respect for the Bush family”, following the death of former President George HW Bush, at the age of 94.
Earlier on in the summit, emerging economies condemn protectionism.
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