The CGTN television channel said the two leaders had made the arrangement at a meeting in Buenos Aires, which is hosting a Group of 20 summit of the most industrialized economies.
Later, White House announced that China and US agreed to try to reach an agreement on several trade issues "within the next 90 days." The statement said that Donald Trump agreed to leave tariffs on $200 Bn worth of Chinese products at the 10 per cent rate, and not to raise it to 25 per cent on after January 1.
The White House noted however that US government would raise the tariffs to 25% if no agreement has been reached on trade within 90 days.
Meanwhile, Chinese state Councillor Wang Yi also announced that Xi Jinping and Donald Trump agreed to halt the imposition of additional trade tariffs, Xinhua agency reported. "The two leaders reached consensus to stop imposing new tariffs," Wang said. The minister also said that Xi Jinping and his American counterpart agreed to exchange visits in due course.
China and the United States have been engaged in a major trade dispute following the announcement of the introduction of steel and aluminium import duties by US President Donald Trump in March. The tensions further heightened in late May when Washington announced that $50 billion worth of Chinese goods would be subject to 25 percent tariffs, which prompted a harsh retaliation from Beijing.
READ MORE: Trade Representative Denies Claims US Put Upcoming China Tariffs on Hold
The Wall Street Journal reported on Thursday that on the eve of the G20 summit in Argentina the United States and China were mulling an agreement in which Washington would delay imposition of future tariffs in exchange for talks on a major overhaul of Chinese economic and trade practices.
