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US Getting Closer on Trade Deal With China - Pompeo

© AFP 2021 / STRThis photo taken on June 7, 2017 shows workers at the world's largest floating solar power plant in a lake in Huainan, in China's central Anhui province
This photo taken on June 7, 2017 shows workers at the world's largest floating solar power plant in a lake in Huainan, in China's central Anhui province - Sputnik International
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WASHINGTON (Sputnik) - The United States is advancing toward a trade deal in its ongoing talks with China, US Secretary of State Mike Pompeo said on Wednesday.

When asked whether Washington was closer to a trade deal with China, Pompeo said, “Yeah, I think we’re closer”.

“I truly think we’re closer, and I’m very hopeful in the next handful of weeks there’ll be some good announcements on that front”, the secretary said in an interview With Fox & Friends.

US President Donald Trump earlier in December expressed confidence that a trade deal between the two countries can be reached within the next 90 days.

READ MORE: ‘Ram It': Chinese Colonel Offers Solution to US Ships Transiting South China Sea

Trump and Chinese President Xi Jinping agreed to a truce in their escalating trade war during their meeting on the sidelines of the G20 summit in Buenos Aires, Argentina.

Logo for Huawei at a launch event for the Huawei MateBook in Beijing - Sputnik International
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Trump agreed to suspend plans to raise tariffs on $200 billion worth of Chinese products from 10 percent to 25 percent in order to pave the way for trade talks with Beijing but warned that if the negotiations do not succeed within three months, the tariffs will be hiked as planned.

China and the United States have been engaged in a trade war after Trump announced in June that $50 billion worth of Chinese goods would be subject to 25 percent tariffs in a bid to fix the US-Chinese trade deficit. Since then, the two countries have exchanged several rounds of trade duties on hundreds of billions of dollars’ worth of goods.

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