Buenos Aires: Finally after several months of tensions over the ongoing trade war between the China and USA, US President Donald Trump and his Chinese counterpart Xi Jinping have reportedly agreed to end the war. They decided to put on hold new tariffs after January 1. 

As per the report of The China, President Trump and his counterpart Jinping agreed to halt tariffs "after January 1" - when Washington has been set to impose USD200 billion in new tariffs. Though the White House didn't immediately said on the result of the meeting on the sidelines of the G20 summit in Buenos Aires, senior Trump adviser Larry Kudlow said that it went "very well".

Earlier, US President Trump and Xi at down with cautious optimism to a working dinner here amid hopes of making some progress in winding down the trade war between the two countries that affects the global economy.

Both nations are working on an accord so that Washington refrains from imposing more tariffs, while the China lays out changes in its economic policy, such as ending restrictions on importing US agricultural and energy products.

The meeting was held at the Duhau Palace-Park Hyatt Buenos Aires hotel where Trump stayed during the G-20 Summit.