U.S. President Donald Trump and Chinese leader Xi Jinping will meet Saturday in Argentina on the sidelines of a Group of 20 summit in Buenos Aires, a U.S. media outlet reported Monday.

The two leaders will meet a day after the United States, Mexico and Canada sign a new trilateral trade agreement, the online edition of Inside U.S. Trade said.

Trump and Xi are expected to discuss ways to defuse the trade war between the world's two largest economies as well as the tit-for-tat tariff measures imposed by each country.