Global trade chiefs have met in Bali, with a hot topic in mind - a solution to the trade war between the US and China.

They've tit-for-tat slapped import tariffs on billions of dollars of goods.

The IMF and many G20 finance ministers are concerned about its risk to the global economy.

Greg Smith from Fat Prophets says it seems both China and the US are open to an agreement.

He told Kate Hawkesby a handshake on camera would play well politically for Trump, but China don't seem to be in any rush.

"Trump does need win before those mid terms, and he's not going to have it all his own way. If we were to get a solution then the markets would probably rally near term."

LISTEN TO GREG SMITH TALK WITH KATE HAWKESBY ABOVE