US President Donald Trump has signaled a potential U-turn on his trade war with China amid continued market volatility, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.

US President Donald Trump could reduce the heavy tariffs on Chinese goods, a policy that has defined his administration’s trade war with China. During a press event held in the Oval Office on Tuesday,

President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.