U.S. President Donald Trump said on Wednesday that talks were moving along with China and he expected the two sides would reach a fair deal on trade. "We're moving along with China. We're doing fine with China,

The president is set to raise taxes on imports arriving from many countries, including India. That’s on top of the tariffs that the White House has already announced on scores of products.

Trump started hiking tariffs on Chinese goods shortly after his return to the White House. China ultimately responded with tariffs of its own. Tensions escalated, with tariff rates hitting the triple digits, before a trade truce in May.