The US President announced on his Twitter page that he will delay planned US increase in tariffs on Chinese goods, which was previously slated for March 1.
"As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1," the US head of state said in a tweet.
The latest round of US-China trade negotiations are currently taking place in Washington.
Earlier, media reported that US and Chinese officials were discussing a late March summit between Donald Trump and his Chinese counterpart Xi Jinping. On Friday, Trump said that the leaders might meet "fairly soon".
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China and the United States have been engaged in a trade war since Trump announced last June that Washington would subject $50 billion worth of Chinese goods to 25 percent tariffs in a bid to fix the US-Chinese trade deficit. The two countries have subsequently exchanged several rounds of trade tariffs until in December, Trump and Xi agreed upon a 90-day truce to allow room for a new trade agreement.