US President Donald Trump has said that his policy of imposing hefty tariffs on additional USD 250 billion worth of imports from China has hurt Beijing "very badly" and the Communist nation is eager to talk and make a deal.

Trump on Monday threatened to impose new tariffs on additional USD 267 billion worth of imports from China and asserted that there will be no deal with Beijing unless it changes its unfair trade practices. "China's been hurt very badly over the last number of months. Their markets are down 30 per cent. And our markets are up 55 per cent since I became president," Trump told his cheering supporters in Mississippi on Tuesday. "I hope we can make a deal with China, but honestly, who knows? But we're very happy where we are. Very, very happy," he said.