The Trump administration is reviewing 18 trade proposals, and President Trump’s trade team is meeting with 34 countries this week, White House Press Secretary Karoline Leavitt said. Leavitt added they are “setting the stage for a deal” with China.

The Trump administration on Tuesday signaled the possibility of cooling trade tensions between the U.S. and China. Why it matters: Investors are hoping for deals that might roll back the steep tariffs on Chinese goods that are expected to roil the global economy.

The U.S. is doing very well on a potential trade deal with China, the White House said on Apr. 22. "I asked the president about this before coming out here, and he wanted me to share with all of you that we’re doing very well in respect to a potential trade deal with China,