US, China Agree to Temporary Truce on Trade

Beijing pledges to deliver 'structural changes' that Washington has been demanding for over a decade

U.S. President Donald Trump (R) and China's President Xi Jinping (L) along with members of their delegations, hold a dinner meeting at the end of the G20 Leaders' Summit in Buenos Aires, on Dec. 1, 2018. SAUL LOEB/AFP/Getty Images

BUENOS AIRES, Argentina—President Donald Trump and Chinese leader Xi Jinping declared a 90-day ceasefire on tariff increases between the United States and China on Dec. 1, at the end of their bilateral meeting on the sidelines of the G-20 summit in Argentina.

As part of the deal, Xi agreed to deliver structural reforms within the next three months.