Chinese president Xi Jinping vowed to lower tariffs, broaden market access and increase imports on Monday.
Xi made the comments at a trade expo designed to demonstrate goodwill in the midst of the U.S.-China trade war, Reuters reports.
The U.S. and China have been smacking escalating tariffs on each other’s goods as trade negotiations stall.
{mosads}However, Xi’s recent statements match comments Trump made Friday, expressing confidence that he could strike a deal with China at talks later this month.
“I think we’ll make a deal with China,” Trump told reporters.
“We’re getting much closer to doing something,” he said. “They very much want to make a deal.”
He said that any deal they reached would have to be “a good deal for the United States” and a “fair deal” for both countries.
Though Bloomberg reported Friday that Trump asked Cabinet officials to draw up terms for a trade deal after a call with Xi, top White House economic adviser Larry Kudlow tempered expectations.
“We’re doing a normal, routine run-through of things that we’ve already put together and normal preparation,” Kudlow told CNBC. “We’re not on the cusp of a deal.”