P resident Donald Trump said the U.S. was “getting very close” to a deal with China, while also threatening to impose higher tariffs on the European Union as he gave several trade updates early Tuesday. Trump said the U.S. was “getting along very well” with Beijing and that a deal was close, in an interview with CNBC.

President Trump warned that if the European Union fails to deliver on its commitment to invest $600 billion in the US, then he will ramp up tariffs against the 27-nation bloc. Last month, Trump and the EU unveiled the sketches of a preliminary trade deal,

Trump spoke on CNBC about the current state of markets in the US, but was quizzed about a pledge on investment made in the EU-US trade deal. View on euronews