President Trump says the U.S. and China are close to striking a mini trade agreement. But he offered no guarantees.
In a speech to the Economic Club of New York on Tuesday, Trump downplayed the cost of his trade war, which has hurt farm exports and contributed to a slowdown in the U.S. manufacturing sector.
"The real cost would be if we did nothing," he said.
Trump offered few clues about the status of trade talks except to say, "We're close."