On the sidelines of this week’s NATO summit in London, President Donald Trump says he has no deadline for finalizing a complete trade deal with China. During a press event Tuesday, Trump suggested he’s willing to wait until after next year’s election.

China and the U.S. are still working to reach a phase one agreement, with an unofficial deadline of December 15. That’s when another round of tariffs are scheduled to go into effect. Trump claims he is doing “very well” in the talks, also pointing out the $28 billion in trade aid given to U.S. farmers. China wants Trump to remove current tariffs in reaching a phase one agreement that also includes $40-$50 billion in purchases of U.S. agricultural products over two years.