Trump hints at 'meaningful halt' to arms race with China, Russia

United States President Donald Trump, after the meeting with his Chinese counterpart Xi Jinping in Argentina, has hinted at a possible halt to the arms race with China and Russia.

"I am certain that, at some time in the future, President Xi and I, together with President Putin of Russia, will start talking about a meaningful halt to what has become a major and uncontrollable Arms Race. The U.S. spent 716 Billion Dollars this year. Crazy!" Trump tweeted on Monday.

Trump further outlined that his meeting with Xi was "extraordinary". "My meeting in Argentina with President Xi of China was an extraordinary one. Relations with China have taken a BIG leap forward! Very good things will happen. We are dealing from great strength, but China likewise has much to gain if and when a deal is completed. Level the field!," he mentioned.

Trump also announced his love for American farmers in a subsequent tweet, where he opined, "Farmers will be a very BIG and FAST beneficiary of our deal with China. They intend to start purchasing agricultural product immediately. We make the finest and cleanest product in the World, and that is what China wants. Farmers, I LOVE YOU!"

"President Xi and I have a very strong and personal relationship. He and I are the only two people that can bring about massive and very positive change, on trade and far beyond, between our two great Nations. A solution for North Korea is a great thing for China and ALL!," the US President noted.

The US President's comments come after he announced that China had agreed to reduce and remove tariffs, which currently stand at 40 per cent, on US-made cars that are exported to China.

Trump met Xi on the sidelines of the G-20 summit in Argentina on Saturday, in what was hailed by experts as a thaw in strained relationships between the US and China.

Earlier, Trump had cancelled his pre-planned meeting with Russian President Vladimir Putin in Buenos Aires, citing the Kerch Strait incident in which the US has extended its support to Ukraine.