Trump expects 'very fair' trade agreement with China

WASHINGTON: US President Donald Trump sounded upbeat on Wednesday as he spoke about ongoing trade talks with China. 

He said both sides were making progress and he believed that they were on track to reach a "very fair" deal. 

His comments came as officials continued efforts to end the long-running trade tensions between the two countries.

"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."

US 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.