'Right back on track': China and US agree to restart trade talks

US President Donald Trump says American companies will be allowed to sell gear to Huawei after meeting with Chinese leader Xi Jinping.

The United States and China agreed on Saturday to restart trade talks with Washington holding off new tariffs on Chinese exports, signalling a pause in the trade hostilities between the world's two largest economies.

Commenting on a long-running dispute over China's Huawei, President Donald Trump said U.S. firms would be able to sell components to the world's biggest telecoms network gear maker where there was no national security problem.

The truce offered relief from a nearly year-long trade standoff in which the countries have slapped tariffs on billions of dollars of each other's imports, disrupting global supply lines, roiling markets