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| G20: US and China 'will impose no new tariffs' | |
| (35 minutes later) | |
| Chinese state TV says agreement has been reached with the US not to impose any additional trade tariffs after 1 January and talks will go on. | |
| It made the announcement after US President Donald Trump met China's President Xi Jinping for the first time since a trade war erupted this year. | It made the announcement after US President Donald Trump met China's President Xi Jinping for the first time since a trade war erupted this year. |
| Both a Trump adviser and Chinese media said earlier that talks after the G20 summit in Buenos Aires had gone well. | Both a Trump adviser and Chinese media said earlier that talks after the G20 summit in Buenos Aires had gone well. |
| At the summit earlier on Saturday, the G20 leaders agreed a joint declaration. | At the summit earlier on Saturday, the G20 leaders agreed a joint declaration. |
| The document notes divisions over trade but does not criticise protectionist activity. | The document notes divisions over trade but does not criticise protectionist activity. |
| What was reportedly agreed? | What was reportedly agreed? |
| There was no immediate US confirmation of the outcome of the talks, but Chinese state TV said: "No additional tariffs will be imposed after January 1, and negotiations between the two sides will continue." | There was no immediate US confirmation of the outcome of the talks, but Chinese state TV said: "No additional tariffs will be imposed after January 1, and negotiations between the two sides will continue." |
| During the working dinner the Chinese leader said co-operation was the best choice for their nations, state news agency Xinhua reports. | During the working dinner the Chinese leader said co-operation was the best choice for their nations, state news agency Xinhua reports. |
| Mr Trump had earlier said the pair shared a "very special" relationship. "I think that's going to be a very primary reason we'll probably end up getting something good for China and good for the United States." | Mr Trump had earlier said the pair shared a "very special" relationship. "I think that's going to be a very primary reason we'll probably end up getting something good for China and good for the United States." |
| Both sides have imposed tariffs on billions of dollars' worth of goods. The US has hit $250bn (£196b) of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products. | Both sides have imposed tariffs on billions of dollars' worth of goods. The US has hit $250bn (£196b) of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products. |
| Ahead of the G20, Mr Trump had told US media he expected to go ahead with plans to raise tariffs on $200bn of Chinese goods - first introduced in September - to 25% (up from 10%) starting in January 2019. | Ahead of the G20, Mr Trump had told US media he expected to go ahead with plans to raise tariffs on $200bn of Chinese goods - first introduced in September - to 25% (up from 10%) starting in January 2019. |
| Mr Trump had also said that if talks were unsuccessful, he would carry out a threat to hit the remaining $267bn of annual Chinese exports to the US with tariffs of 10-25%. | Mr Trump had also said that if talks were unsuccessful, he would carry out a threat to hit the remaining $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 unable to agree a formal leaders' statement for the first time in its history. | US-China trade divisions meant an Asian economic summit earlier this month was unable to agree a formal leaders' statement for the first time in its history. |
| What else happened in Buenos Aires? | What else happened in Buenos Aires? |
| French leader Emmanuel Macron told reporters that the World Trade Organization, the body that regulates trade disputes, needed to be modernised. | French leader Emmanuel Macron told reporters that the World Trade Organization, 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 short of meeting its objectives" and needed reform. | A senior US official told Reuters that it was the first time that the G20 had recognised that the WTO was "currently falling short of meeting its objectives" and needed reform. |
| On Friday Mr Trump briefly met Russian President Vladimir Putin on the sidelines of the G20, a Russian official told Reuters. | On Friday Mr Trump briefly met Russian President Vladimir Putin on the sidelines of the G20, a Russian official told Reuters. |
| Earlier the US president said he had postponed 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 the US president said he had postponed 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 denounced protectionism. | Earlier on in the summit, emerging economies denounced protectionism. |