![(FILES) In this file China's President Xi Jinping (R) shakes hands with US President Donald Trump before a bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. The United States was poised Thursday to announce a historic trade deal with China, days before new tariffs are due to kick in between the world's two largest economies, easing a commercial dispute that has roiled markets for almost two years. / AFP / Brendan Smialowski](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OSBE46CI7AJBED3W7LQW45J5JU.jpg?smart=true&auth=4783c3b421a4c7a7ecda8198c34887241ef4f440a3fb871208a10f54fddc4fd8&width=400&height=225)
Mr Trump, left, with Chinese president Xi Jinping. The trade war between the world's two largest economies dampened economic growth this year. AFP
Mr Trump, left, with Chinese president Xi Jinping. The trade war between the world's two largest economies dampened economic growth this year. AFP
Oil rallies as US-China agree 'phase one' trade deal
Brent surged to a three-month high and settled above $65 per barrel on Friday