Nigeria, Oct. 30 -- US President Donald Trump and Chinese President Xi Jinping have both agreed to de-escalate their trade war and ease tensions that could harm the global economy.

Both leaders agreed to a one-year trade truce on Thursday during a meeting held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.

The meeting lasted one hour and forty minutes, according to the Associated Press.

This is the first time Mr Trump and Mr Jinping have met face-to-face since 2019.

Based on the resolution made during the meeting, Mr Trump says the US will cut its fentanyl tariff on Chinese goods from 20 per cent to 10 per cent.

In return, China will begin purchasing massive amounts of soybeans and other agric...