(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
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

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