Steven Mnuchin, U.S. Treasury secretary, left, shakes hands with Yi Gang, governor of the People's Bank of China (PBOC), during the Group of 20 (G-20) finance ministers and central bank governors meeting in Fukuoka, Japan, on Saturday, June 8, 2019. Mnuchin said the U.S. remains open to continued negotiations with China on trade, just don't expect any break through this weekend. (Photographer: Kim Kyung-Hoon/Pool via Bloomberg)

One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States.

Trump called off plans to impose a 5% tax on Mexican exports, and Treasury Secretary Steven Mnuchin, speaking to reporters Saturday in Fukuoka on the sidelines of a meeting of financial leaders of the Group of 20 major economies, urged China to follow suit and return to stalled negotiations.

Mnuchin said he planned to have a private conversation with the head of China's central bank, Yi Gang. In a G-20 group meeting later in the day, the two were seen exchanging friendly remarks, but there were no fresh signs Beijing is ready to compromise in the dispute over trade and technology.

"From our perspective of where we are now, it is a result of them backtracking on significant commitments," Mnuchin said. "I don't think it's a breakdown in trust or good or bad faith. ... If they want to come back and complete the deal on the terms we were negotiating, that would be great."

Mnuchin said he had no direct message to give to Yi, who has participated in the 11 rounds of talks so far on resolving the dispute between the world's two largest economies over technology and trade.

He said there were no plans for trade talks in Washington or Beijing before Presidents Donald Trump and Xi Jinping are due to meet in Osaka for the G-20 summit on June 28-29.

"This will be a one-on-one with Gov. Yi to talk alone about the trade issues," Mnuchin said. But he added, "I would expect the main progress will be at the G-20 meetings of the presidents."