President Trump has signaled that US trade deals with unspecified countries are in the pipeline this week as he attempts to ease worries about the risk of full-on global trade war. He also flagged in a Sunday TV interview that his administration is willing to soften the hefty 145% tariffs on imports from China.

Key Takeaways President Donald Trump said Sunday that the high tariffs against China, imposed in April, are only meant to be temporary, raising hopes in financial markets of a trade deal between the world's two largest economies.

In an interview with NBC News, US President Donald Trump stated that the White House may reduce tariffs imposed on Chinese goods, as trade between the US and China has essentially come to a halt due to them.