NEW YORK -- U.S. President Donald Trump said Tuesday that a phase 1 trade deal with China is "close" but threatened a further tariff hike if no agreement is reached.
"We're close," Trump said in a speech for the Economic Club of New York at a Hilton hotel in midtown Manhattan. "A significant phase 1 trade deal with China could happen -- could happen soon, but we will only accept a deal if it's good for the United States and our workers and our great companies because we've been hit very hard."
