China and the European Union may be looking to strengthen trade ties as Beijing looks to ramp up exports to the EU as trade with the U.S. falters under severe tariffs.

President Trump on Thursday predicted his administration would make a deal on trade with China and with the European Union amid tariff disputes. Trump hosted Italian Prime Minister Giorgia Meloni

China raised tariffs on U.S. goods from 84% to 125% in the latest round of tit-for-tat blows in an escalating trade war but said further tariff hikes would be pointless as U.S. goods were already pric