President Donald Trump has struck a conciliatory tone toward China ahead of renewed trade talks, saying relations between the two nations would “be fine” even as a temporary truce nears its expiration, Bloomberg reported.

Speaking to Fox News on Sunday, Trump said he maintained a “good relationship” with Chinese President Xi Jinping and expected the two leaders to meet later this month in South Korea, during the Asia-Pacific Economic Cooperation (APEC) summit. He added, however, that any future trade agreement must be “fair,” reiterating his demand for balanced terms.

His remarks came as the United States and China prepare to resume negotiations in Malaysia this week. Treasury Secretary Scott Bessent confirmed the meeting after holding virtual discussions with Chinese Vice Premier He Lifeng on Friday, which Chinese state media described as a “constructive exchange of views.”

The renewed talks come at a tense moment. Trump has threatened to impose a 100 percent tariff on Chinese goods from November 1, a move that could derail the fragile ceasefire due to expire on November 10 unless extended. The former president acknowledged the proposed levy was “not sustainable” but said it “could stand” if necessary.

Washington’s stance has hardened in recent weeks, with the US expanding technology restrictions and considering new levies on Chinese vessels entering American ports. Beijing has responded with tighter export controls on rare-earth materials—critical inputs for electronics, defence, and automotive manufacturing—raising fears of a new escalation.

China has sought to calm markets, telling international counterparts at the International Monetary Fund’s annual meetings that the curbs would not disrupt normal trade. Officials described the export measures as a “long-term mechanism” designed in response to US sanctions, according to Bloomberg sources familiar with the discussions.