The US and China may announce a trade deal by next Friday, sources tell CNBC, as the world’s two largest economies push for an agreement to end an ongoing trade dispute.

The announcement of a US trade deal with China is “possible” by next Friday, sources told CNBC on Wednesday, as the world’s two largest economies try to hammer out details of an agreement. The talks would also feature Chinese Vice Premier Liu He, who will travel to Washington for talks next week.

Earlier on Wednesday, the White House confirmed that Washington and Beijing are getting closer to an agreement. In a statement, White House press secretary Sarah Huckabee Sanders said that “discussions remain focused toward making substantial progress on important structural issues and rebalancing the US-China trade relationship.”

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