US President Donald Trump said on Wednesday that trade talks with China were moving along well and predicted either a "good deal" or no deal between the world's two largest economies.
Washington and Beijing have been locked in intense negotiations to end a months-long trade war. Trump, citing progress in talks, last week delayed a planned tariff increase to 25 per cent from 10 per cent on US$200 billion (S$271 billion) of Chinese goods.
"They're moving along well and we'll see what happens," the president said on Wednesday during a meeting in the Oval Office, referring to the trade talks. He said there would either be "a good deal or it's not going to be a deal, but I think they're moving along very nicely."
Trump's comments after the US Commerce Department said on Wednesday that the US goods trade deficit surged to a record high in 2018 as strong domestic demand fuelled by lower taxes pulled in imports, despite the president's tariffs and "America First" policies aimed at shrinking the trade gap.