President Donald Trump said on Tuesday the U.S. was close to a trade deal with China and that he would meet his Chinese counterpart Xi Jinping before the end of the year if an agreement is struck.

President 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.

One country is clashing with the U.S., the other racing to appease Washington. Both approaches are being tested ahead of a looming deadline for trade deals.

Switzerland is ready to make a "more attractive offer" in trade talks with Washington, its government said on Monday, following a crisis meeting aimed at averting a 39% U.S. import tariff on Swiss goods that threatens to hammer its export-driven economy.

President Trump is seeking to promote U.S. energy in his trade negotiations, but announcements about agreements so far have been light on details, and actual outcomes are largely mysterious. Recently,

Previously, Mr Trump has complained about bilateral trade worth $190bn. India had hoped this would be a happy sign of ever closer ties. In Mr Trump’s view, though, it is bad news: at almost $46bn, America runs a “ MASSIVE TRADE DEFICIT WITH INDIA!

Trump's trade feud with India risks pushing the key U.S. partner closer to Russia and China, straining economic and defense ties.