"We met today to see if we do a bigger deal as opposed to just a series of smaller things. We have agreed today that we will extend what we call the Busan Agreement," he said in an interview with Fox News, TASS reported.

The US and Chinese sides agreed to partially reduce tariffs, extend the suspension of reciprocal tariffs and lift a number of trade and economic restrictions at the meeting of their leaders in Busan, a city in South Korea, on October 30 last year.