The nominee for US Treasury secretary said last week that Trump would use the 2020 phase one agreement as a starting point with Beijing. Five days into the new administration, the White House announced on Friday that it was conducting a "compliance review" of what it termed the "Economic and Trade Agreement" between China and the United States.

Only a third of China’s trade surplus was with the United States, and only a third of the U.S. deficit was with China. That makes for tricky math for the president-elect.

President Donald Trump is considering changing a key U.S. trade benefit to other nations, the "de minimis" exemption on import tariffs, as he accuses China of unfair trade practices and blames it for a crisis over the deadly drug fentanyl.

The dollar fell on Friday, on track to log its worst week in more than a year, after U.S. President Donald Trump suggested a potentially softer stance on tariffs against China which added to uncertainties around U.

President Donald Trump said he’d prefer not to have to impose tariffs on China, his latest dovish remark toward the world’s second-biggest economy even as he continues to threaten sweeping action.

Stocks in China and Hong Kong rose on President Trump’s remark that he would rather not impose tariffs on China, suggesting the possibility of a trade deal.