U.S. President Donald Trump said he plans to meet Chinese President Xi Jinping in South Korea and expressed optimism about reaching a “good deal” in bilateral trade negotiations.

Speaking during a luncheon at the White House Rose Garden on Tuesday, Trump said he and Xi will have much to discuss.

The president stated that the United States will negotiate well with China, noting that it has already "done well" in trade deals with South Korea, Japan and the European Union, agreements he claimed would not have been possible without the use of tariffs.

Trump reiterated that he has a great relationship with Xi and said he expects to be able to strike a good deal with the Chinese leader.

He added that while he wants Xi to secure a good deal for China, the agreement must be fair.

Trump is scheduled to arrive in South Korea next week ahead of the Asia-Pacific Economic Cooperation summit, which will take place in Gyeongju.