Trump says he thinks US will have a 'very fair deal' on trade with China

US President Donald Trump said on Wednesday that talks were moving along with China and he expected the two sides would reach a fair deal on trade.

AI Brief

Trump expressed optimism about reaching a fair trade deal with China after extended talks in Stockholm.
China faces an August 12 deadline to finalise a tariff agreement and avoid renewed trade tensions.
The US has already secured deals with the EU, UK, and Japan and is negotiating with other nations.

"We're moving along with China. We're doing fine with China," Trump told reporters at the White House. "I think it's going to work out very well. We're right in step. I think we're going to have a very fair deal with China."

U.S. and Chinese officials met in Stockholm on Monday for more than five hours of talks aimed at resolving economic disputes with a goal of extending their truce on a trade war by three months.

China is facing an August 12 deadline to reach a durable tariff agreement with Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end escalating tit-for-tat tariffs and a cut-off of rare earth minerals.

Trump's administration has agreed trade deals with the European Union, Britain and Japan. It is negotiating with multiple other countries to achieve more.