Trump says China tariffs will go 'even higher' without deal

"If we don't make a deal with China, I'll just raise the tariffs even higher," he told reporters at the White House.

Washington: President Donald Trump on Tuesday warned that failure to get a trade deal with China will prompt more tariffs.

"If we don't make a deal with China, I'll just raise the tariffs even higher. Look, China's going to have to make a deal that I like, their supply chains are being killed. And I said they had the worst year in 57 years." he told reporters at the White House.

Trump's latest tough comment came as markets are watching intensely for signs of progress in the two economic superpowers' attempt to reach a so-called "phase one" partial deal taking the heat out of a growing trade war.