U.S. President Donald Trump and Chinese President agreed to keep their trade war from escalating with a promise to temporarily halt the imposition of new tariffs, Chinese state-run TV reported, as the world’s two largest economies negotiate a lasting agreement.

The truce between the U.S. and China emerged after a highly anticipated dinner Saturday between Trump and on the sidelines of the Group of 20 summit in Argentina. As part of the understanding reached between the two leaders, no additional tariffs will be imposed after Jan. 1, CGTN, a Chinese state-run television network reported.