The US President Donald Trump has said that there is a very good chance for his country to strike a deal with China to end their trade war and that he is willing to extend his March 1 deadline to reach an agreement.

He expressed these views while talking to reporters after meeting with Chinese Vice Premier Liu He in Washington.

He said that U.S. and Chinese negotiators have made progress and would continue the negotiations.

The US President said that it would prevent a further escalation in a trade war between the two countries which has already disrupted commerce and slowed global economic growth.