Chinese President Xi Jinping and U.S. President Donald Trump put their bilateral trade war on pause momentarily, striking an agreement to hold off on slapping additional tariffs on each other’s goods after January 1, as talks continue between both countries.

in a pair of tweets Saturday. But he postponed a press conference, which was scheduled to follow a summit meeting, until after the funeral of former President George H.W. Bush, who died at age 94 on Friday.

In a joint declaration, the group of nations said the current multilateral trading system is “falling short of its objectives and there is room for improvement,” and supported reforms to the World Trade Organization.

–CNBC’s Jacob Pramuk contributed to this report.

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