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

The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would not be made unilaterally.

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.”