BUENOS AIRES (Reuters) - China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said on Saturday after President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina. Image copyright Getty Images Image caption The US is the biggest export market for Chinese goods

The US says China agreed to "purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other products from the United States to reduce the trade imbalance between our two countries". Earlier in the day the president pointed to billions of dollars coming to the U.S. due to tariffs on Chinese goods:

“Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go,” said Trump. White House press secretary Sarah Sanders says China's decision to label the drug as a controlled substance means that "people selling Fentanyl to the United States will be subject to China's maximum penalty under the law."
The White House announces that the United States and China agree to halt new trade tariffs for 90 days to allow for talks.