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.

We're getting very close to a deal. We're getting along with China very well,' says US president - Anadolu Ajansı

Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.

The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap with China shrank to its lowest in more than 21 years, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.

The U.S. trade balance improved more than analysts projected in June, as government data released Tuesday showed a notable drop in imports. According to the Commerce Department, the trade deficit narrowed to $60.

The U.S. trade deficit with its international partners fell to $60.2 billion in June, continuing the decline witnessed in May. Data from the Commerce Department showed the United States’ trade deficit fell by $11.