Speaking at a White House event on Monday evening, US President Donald Trump indicated how much longer Washington and Beijing could be locked in heated trade negotiations over the tariffs, ONA reports citing Sputnik International.
“We’ll let you know in three or four weeks if it’s successful. I have a feeling [the trade deal] is going to be very successful,” Trump said.
The US President’s comment came after noting that Treasury Secretary Steven Mnuchin, who was attending the event, returned from trade talks in China two weeks ago.
The US and China have been engaged a trade dispute since the Trump administration opted to impose a 25% tariff on an estimated $50 billion worth of Chinese goods. China's measure on Monday came as a response to the Trump administration's move last week to increase existing import tariffs on $200 billion worth of Chinese goods from 10% to 25%. Officials from Washington and Beijing are expected to resume trade talks this week in Beijing.