President Donald Trump expressed on Tuesday that he feels no urgency to engage in a conversation with China’s leader, Xi Jinping, despite anticipation of a meeting on the same day. This comes as trade relations between the two countries become strained following the implementation of tariffs by both nations in the early hours of the day.

“The right time will come for us to have a conversation. There’s no need to rush,” Trump said to the media in the Oval Office, less than 24 hours after both nations imposed fresh trade restrictions. Despite the efforts, the heads of the world’s two biggest economies failed to reach a consensus, which could have averted Trump’s threat to impose a 10 percent tariff on Chinese imports. This happened even as Trump decided to postpone the 25 percent tariffs on Mexico and Canada.

Almost immediately after Trump’s imposition of tariffs, Beijing retaliated with its own set of penalties. Among these are a 15 percent tariff on U.S. coal and liquefied natural gas imports and 10 percent tariffs on crude oil, agricultural machinery, and particular vehicles. The new Chinese tariffs are set to become effective on Feb. 10, giving both nations a window to negotiate a deal.

Speaking to reporters on Tuesday, the president downplayed China’s countermove: “It’s all good, it’s all good. We’ll fare well against China and everyone else,” Trump stated.

The delay in conversation suggests that the two nations may not reach a deal soon. This contrasts with the expedited timeline proposed by Trump’s White House adviser, Peter Navarro, who mentioned in a POLITICO event earlier that day that the two leaders would have a phone call. “Let’s wait and see what the call today brings,” Navarro suggested.

White House press secretary Karoline Leavitt, on Tuesday, did not provide any updates on when the call would take place.

On Monday, Trump had informed reporters that he anticipated a call with the Chinese leader “likely within the next 24 hours.” He referred to the 10 percent tariff as an “initial move” and warned: “If we don’t strike a deal with China, the tariffs will be extremely substantial.”

Trump has consistently maintained that tariffs on Chinese imports are required to put pressure on China to curb the smuggling of fentanyl into the United States. China is believed to be the primary source of the chemicals used to manufacture this addictive opioid.

China has claimed to have made efforts to curb the overseas flow of fentanyl and to clamp down on its domestic industry.

In addition to its retaliation, China also broadened its export restrictions on vital metals on Tuesday, increased its list of restricted entities, and initiated an antitrust investigation into Google for alleged violations of China’s anti-monopoly law.