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 has decided to suspend its planned retaliatory tariffs on US goods, valued at 93 billion euros, following a trade agreement between US President Donald Trump and European Commission President Ursula von der Leyen.