US President Donald Trump on Thursday expressed confidence about reaching a "very good" trade deal with China, even as the US imposed steep tariffs of up to 245 per cent on Chinese imports in response to Beijing's retaliatory actions.

"We're going to make a deal. I think we're going to make a very good deal with China," Trump said, as reported by The Hill. He also told reporters he thought the U.S. would have "very little problem making a deal with Europe or anybody else."