China is preparing to buy United States liquefied gas and soybeans again

Trump claims 'BIG leap forward' in China trade talks, but details unclear

But he added, "if that's real" - raising some doubt - it would close the USA trade deficit with China, and 'we have to have a negotiated agreement and have this on paper'.

That's more detail than was in a Wednesday statement from China's commerce ministry that said the trade meeting with the US was "very successful" and expressed confidence in implementing the agreement - but didn't provide any further details on the outcome. US markets were closed on Wednesday to observe former President George H.W. Bush's death, but the effect of Wall Street's turmoil the previous day was felt in Europe and Asia with the benchmark Shanghai stock index closing down 0.6 percent.

Trump has agreed to delay a rise in tariffs on China while talks continue.

But Asia failed to follow the lead to the same extent after China gave its first official comments on the temporary trade truce which allowed for tariff hikes to be postponed for 90 days- until 1 April.

Chinese State Councilor Wang Yi told reporters, "The two presidents agreed that the two sides can and must get bilateral relations right".

The ministry's statement came after the USA president, Donald Trump, called himself "a Tariff Man" on Twitter and warned more levies could be imposed on China.

"If it is, we will get it done", Mr Trump said in a Twitter post.

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White House economic adviser Larry Kudlow said a reduction in Chinese tariffs on US cars and agricultural and energy commodities would be a "litmus test" for whether US-China trade talks were on track to succeed.

Without disclosing further details about the agreement signed, ministry said, "China will start with the implementation of the specific matters in which consensus has been reached, the sooner the better". The downside for China is that it also needs US sourced LNG as its insatiable gas demand expands amid Beijing's mandate that gas make up at least 10 percent of its power generation energy mix by 2020, with further earmarks set for 2030.

Officials from the United States and a number of other major economies have often criticized China for its slow approach to negotiations and not following through on commitments.

Trump said he believes "President Xi (Jinping) meant every word of what he said" at their meeting recently in Argentina, including "his promise to me to criminalize the sale of deadly Fentanyl coming into the United States".

One Chinese official said officials were "waiting for the leaders to return" before publicising details.

President Xi and his most senior officials are due back in China on Thursday, having visited Panama and Portugal since leaving Argentina.

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