Trump expects a “great deal” with China

Trump expects a “great deal” with China

Investors will keep a close eye on the continuing trade dispute between the U.S. and China, as U.S. President Donald Trump confirmed, in an interview with Fox News, that he was prepared to slap China with billions more dollars in tariffs if no agreement is made between the world’s two largest economies.

However, he showed optimism, insisting that he expects a “great deal” to be reached with China.

The interview followed a Bloomberg report that roiled markets, saying the U.S. is preparing to impose tariffs on the remaining $257 billion of Chinese imports if talks in November between Trump and Chinese leader Xi Jinping do not go well.

The two leaders are due to meet during the Group of 20 leaders summit in Argentina at the end of November.