U.S. President Donald Trump said on Wednesday that talks were moving along with China and he expected the two sides would reach a fair deal on trade. China is facing an August 12 deadline to reach a durable tariff agreement with Trump's administration,

Trump’s take follows a round of high-level talks, which were expected to extend a pause on tariffs the two countries have put on each others’ goods.

The U.S. and China had agreed to pause most of the sky-high tariffs on each others’ goods amid trade negotiations – but that pause is set to expire in August.