Xinhua, the Chinese state-run news agency, said the leaders had agreed to a new cease-fire in a yearlong trade war, adding that stalled trade talks would resume and the U.S. would hold off on threatened additional tariffs on Chinese goods.
The apparent truce marks a pattern for talks between Trump and Xi, who have professed their friendship with each other and hit the pause button on protectionist measures after their conversations, only to see negotiations later break down over the contentious details.
White House officials declined immediate comment. But President Donald Trump said earlier Saturday that he would make an announcement on the results of his talks with Xi during a news conference later in the day.
Taking place on the sidelines of the Group of 20 summit in Japan, the meeting with Xi marked the centerpiece of four days of diplomacy for Trump, whose re-election chances have been put at risk by the trade war that has hurt American farmers and battered global markets. Tensions rose in recent weeks after negotiations collapsed last month.