Trump said a deal with China would only happen if he wanted it to, and he thought he was doing very well in the talks. He gave no indication when the deal would be finalized.
Global Times carries a story by a former Chinese Vice Minister of Commerce and Executive Deputy Director of the China Center for International Economic Exchanges, Wei Jianguo, as he says that he is confident and optimistic that China and the U.S. can reach a phase one trade deal.
When asked if the two sides will reach a deal this year, Trump told reporters at Andrews Air Force Base, "The Chinese are always negotiating. I'm very happy where we are", Trump said as he prepared to depart the White House for a North Atlantic Treaty Organisation summit in London.
"But they want to make a deal now, and we'll see whether or not the deal's going to be right, it's got to be right".
Markets remain on alert over the trade friction after Beijing threatened unspecified retaliation for Donald Trump's decision to sign a law supporting Hong Kong pro-democracy protesters. Beijing warned it could retaliate.
Trade experts and people close to the White House have said the agreement may not be signed until next year.
"If nothing happens between now and then, the president has made quite clear he'll put the tariffs in", Ross told Fox Business Network.
'A United States pledge to scrap tariffs scheduled for December 15 can not replace the rollbacks of tariffs, ' the newspaper said in a tweet, referring to an additional round of tariffs on Chinese imports to be implemented in the absence of a trade deal.
"Dollar falling apart on headlines that Trump will increase tariffs on China if there is no deal by Dec 15 according to Commerce Secretary Ross", says Viraj Patel, a foreign exchange analyst with Arkera.
We also reported that one of the only routes to volatility being injected back into markets was a flaring up in trade tensions, particularly on the back of any negative developments. Ross said it would address Beijing purchases of USA farm products, as well as some intellectual property and other structural reforms, but gave no other details.