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.

The European Union announced Monday it was pausing a plan to impose retaliatory tariffs on U.S. goods as it continued trade negotiations with the Trump administration