US President says he is hopeful the two countries can reach an agreement over trade.
President Donald Trump has said that the US and China are “very very close” to signing a trade agreement, potentially ending the long-running feud between the two countries.
Mr Trump told US governors on Monday that both nations “are going to have a signing summit”.
“Hopefully, we can get that completed. But we’re getting very, very close,” he said.
It follows a decision to delay imposing further trade tariffs on Chinese goods.
At the weekend, Mr Trump said both sides had made “substantial progress” in trade talks following a summit in Washington last week.
The rise in import duties on Chinese goods from 10% to 25% was due to come into effect on 1 March.
Instead, Mr Trump said the US is now planning a summit with Chinese Premier Xi Jinping at the US President’s Mar-a-Lago resort in Florida.
US shares rose on the decision to delay tariffs, with the Dow Jones Industrial Average closing 0.23% higher at 26,091.9.
The S&P 500 and the Nasdaq also finished trading in positive territory.
