U.S. President Trump on Thursday predicted that the ongoing trade war with China would soon end, but no high-level talks have been scheduled between the two countries since the last round of talks ended in Washington two weeks ago.
"It's happening, it's happening fast, and I think something may happen soon with China, because I can't imagine that they're excited about thousands of companies leaving and moving elsewhere," Trump said in a speech at the White House, without providing any evidence of companies leaving China.
Trump also said he would meet with Chinese President Xi Jinping at the G20 summit in Japan next month.
Both countries blame each other for the breakdown of the negotiations. The talks aim to end trade tensions between the world's two largest economies.
Trump spoke at a press conference without a fixed agenda. Earlier, he praised the government's package of agricultural subsidies designed to help farmers, particularly hard hit, cope with the impact of the trade war.
Last year, after Trump imposed tariffs on Chinese goods, China restricted U.S. soybean imports, causing a large number of soybeans to fall into the hands of American farmers.
"This $16 billion will help our precious farms prosper, but it also shows that no country has a veto over the economy and national security of the United States," Trump said.
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