"Our talks with China -- a lot of interesting things are happening. We'll see what happens," The Hill quoted Trump on Thursday.
"In the meantime, we're getting 25 per cent on USD 250 billion, and I can go up another at least $300 billion," he added. "And I'll do that at the right time."
There are no reports of progress after talks collapsed between China and the US last month.
"But I think China wants to make a deal and I think Mexico wants to make a deal badly," Trump claimed on Thursday.
The US increased tariffs on Chinese goods amounting to over USD 200 billion even as the two sides were in the midst of negotiations.
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