U.S. President Donald Trump has expressed confidence that a trade agreement with China could be finalized before the August 1 deadline, signaling a potential breakthrough in one of the world’s most closely watched economic negotiations.

Speaking at a press briefing on Monday, the president emphasized that talks with Beijing remain active, with negotiators working around the clock. “We’re very close,” Trump said. “We’ve made incredible progress. I believe we’ll reach a deal before the deadline.”

President Trump also touted recent trade victories with key Asian allies  including finalized deals with Japan, the Philippines, and Indonesia  describing them as “tremendous for American jobs and growth.”

In a notable diplomatic gesture, Trump praised German Chancellor Friedrich Merz, calling him “a terrific leader,” and suggested that ongoing dialogue between the U.S. and Germany could lead to further trade alignment in Europe.

The president also floated the idea of a universal U.S. tariff system, which he said could simplify trade rules and ensure fair treatment across global markets. “We’re looking at a uniform approach a way to protect American workers while encouraging honest partnerships,” he stated.

As the August 1 deadline looms, all eyes remain on Washington and Beijing, with the potential deal expected to shape the next chapter of global economic relations.