Trump says deal could very well happen with china

US President Donald Trump said Saturday that progress was being made towards a trade agreement with China, and denied that he was considering abolishing tariffs on Chinese products.

"Things are going very well with China with regard to trade," Trump told reporters.

He added that he saw some of the "false reports" suggesting that U.S. customs duties on Chinese products would be cancelled, he said.

"If we make an agreement, we will certainly not have sanctions, and if we do not conclude an agreement, we will have sanctions," he said. We have already held a very exceptional number of meetings, and there is a very good possibility to conclude an agreement with China. It goes well.

On Friday, White House economic advisor Larry Kadlo said that the Beijing-Washington trade talks had made progress, but he explained that nothing had been resolved so far.

"There is nothing on paper, there is no contract," he said, denying press reports indicating an agreement.

Liu, the Chinese deputy prime minister, is scheduled to visit the United States on Jan. 30 and 31 January to hold the next round of talks with Washington.

Liu's visit came after negotiations at lower levels held in Beijing last week to try to settle the bitter trade dispute between the world's two largest economies before March 2 March, the date set by President Trump's administration to increase tariffs on Chinese goods worth 200 billion dollars.

The Trump administration has imposed import duties on goods coming from China to pressure Beijing to respond to a long list of demands that may rewrite the terms of trade between the two countries.

The demands include changing China's policies on intellectual property protection, technology transfer and industrial support, as well as other trade restrictions.

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