US President Donald Trump has said China is seeking talks for a deal to end the trade war between the countries that has spooked financial markets and stoked fears of global economic slowdown.

Mr Trump said on Monday that he was optimistic about the prospects for an agreement with Beijing, 24 hours after he appeared to suggest he was having second thoughts about imposing further tariff rises on China.

“I have great respect for the fact that China called — they want to make a deal,” Mr Trump said on the margins of the G7 summit in the French coastal resort of Biarritz.

“This is the first time I’ve seen them where they really do want to make a deal, and I think that’s a very positive step.”

The US leader gave no further details and there was no immediate response from Beijing. Liu He, Chinese vice premier, said in separate remarks on Monday that Beijing wanted to avoid escalating its trade battle with Washington and was willing to hold talks to resolve it, according to the Chongqing Morning Post newspaper.


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