Trump and Chinese President Xi Jinping agreed in a meeting on Saturday (June 29) at a Group of 20 summit in Japan to restart trade talks after the last major round of negotiations collapsed in May.
Trump told reporters on Monday (July 1) that U.S. and Chinese negotiators were "speaking very much on phone but they are also meeting.
It essentially has already begun." "I think we have a good chance of making a deal," Trump said.
He said he expected China's negotiating position to move closer to Washington's.
Talks broke down in May after the United States accused China of backtracking on reform pledges.
Trump said China has had a "big advantage" over the United States in trade for "many years." "So obviously you can't make a 50-50 deal.
It has to be a deal that is somewhat tilted to our advantage," Trump said.