Xi Jinping and Donald Trump agree to trade truce, removal of tariffs: https://www.scmp.com/news/china/dip...ays-cooperation-best-choice-both-sides-dinner US President Donald Trump and Chinese President Xi Jinping, reached a trade war truce on Saturday as they met across a dinner table at the G20 summit in Buenos Aires, Argentina. The two leaders agreed to put on hold the threatened tariff increases and undo existing tariffs as of January 1, marking a significant de-escalation in trade tensions between the world's two biggest economies, according to a Chinese state media CGTN. Details of the trade truce agreement, including what concessions China made, were not immediately available. Dinner discussions about de-escalating tensions between the world's two largest economies lasted an hour longer than expected. Both sides appeared satisfied at the end of the gathering, with applause heard in the room as the dinner drew a close. As he was preparing to sit down with Trump, Xi was quoted as saying that he was “very happy” to be meeting with his US counterpart after the conclusion of the Group of 20 summit, and that he saw the occasion as an “opportunity to exchange views”. “Xi Jinping said at the beginning that he was very happy to meet with the president,” China’s state news agency Xinhua reported shortly after the bilateral meeting began in Buenos Aires, Argentina. Chinese President Xi Jinping and members of Chinese delegation attend a working dinner with US President Donald Trump after the G20 leaders summit in Buenos Aires. Photo: Reuters “Since the last meeting, there have been many new changes in the world situation. As two big countries, China and the United States have important influences and share important responsibilities in promoting world peace and prosperity,” the report quoted Xi as saying. “Cooperation is the best choice for both sides. I would like to take advantage of the opportunity tonight to exchange views with the president on issues of common concern and plan for the next phase of Sino-US relations.” The dinner between Trump, Xi and their top aides, who were all served grilled sirloin steaks paired with a malbec from the Argentine winery Catena Zapata, could lead to a de facto trade truce between their nations or an escalation of the months-long dispute that has hit global markets and the world economy. US President Donald Trump listens to China’s Xi Jinping speaks during the dinner. Photo: AP Shortly after the meal ended, the White House released a statement with comments the two presidents made before entering the dinner venue, quoting Trump as saying his relationship with Xi was “very special”. “I think that is going to be a very primary reason why we'll probably end up – ending up getting something that will be good for China and good for the United States,” Trump said. The White House statement included Xi’s comments as reported by Xinhua.