Trump says trade negotiations with China going very well

U.S. President Donald Trump listens next to Commerce Secretary Wilbur Ross during a Cabinet meeting at the White House in Washington, U.S., February 12, 2019. REUTERS/Carlos Barria

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday sounded a positive note on the ongoing trade talks with China, telling reporters that Washington had sent a talented team of negotiators to Beijing this week and the negotiations are going along very well.

The two economic superpowers are coming to the end of the 90-day pause they took in their ongoing trade war so they could negotiate an agreement. If they cannot reach a deal by March 1, then the United States is poised to raise its tariffs on Chinese goods, which in turn could spur retaliation from the Asian nation.

Reporting by Lisa Lambert; Editing by Chizu Nomiyama