The White House said Tuesday that it was “setting the stage for a deal with China” on trade as administration officials seek to reassure nervous financial markets and investors that progress with

Trump “would be gracious if China intends to make a deal with the United States,” White House press secretary Karoline Leavitt said Friday. “If China continues to retaliate, it's not good for China.”

Treasury Secretary Scott Bessent said Wednesday that President Trump will not reduce tariffs on China without an agreement by both governments to de-escalate their trade conflict.