Good negotiation with China done: US President Donald Trump

Beijing : A positive progress in trade battle with China has been hinted by the US President Donald Trump, saying talks with Beijing's envoy had gone well. 

"I will say I think it's going really well," Trump told reporters, offering no details. "We had a very, very good negotiation with China."

The new signs of comity were an abrupt improvement amid pressure on the two sides to defuse the confrontation that has mounted in recent weeks as signs clearly indicated a trade war - now more than a year old - mounting danger to the global economy.

Myron Brilliant, head of international affairs at the US Chamber of Commerce, addressed the prsss and informed that he had spoken with both sides and that an agreement on currency could emerge this week.

"I think that could lead to a decision by the US administration not to put forward a tariff rate hike on October 15," he said.

In August, the US Treasury had tagged China to be a currency manipulator, alleging that they are consciously weakening the RMB to gain an unfair trade advantages. 

Media reports early in the week had also said the Chinese side was preparing an offer that falls short of addressing Trump's core grievances but would increase purchases of US farm exports and make smaller concessions in return for a pause in tariff increases.