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China warns of long road ahead with US

President Donald Trump and President Xi Jinping have agreed to renew negotiations on a trade deal. Source: AAP

US President Donald Trump says the China trade talks are "back on track" but has tweeted he's in no hurry to seal a new trade deal.

US President Donald Trump says that while his meeting with China's President Xi Jinping was far better than expected, he is "in no hurry" to cut a trade deal.

Trump also said he would not increase existing tariffs to China.

"I am in no hurry, but things look very good," Trump wrote in a post on Twitter, referring to ongoing talks between Washington and Beijing.

"The quality of the transaction is far more important to me than speed."

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