Trump was quoted saying his team was thinking of tariffs around 25% which could be announced on Feb. 1 but offered no other specifics.

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.

China has responded to U.S. President Donald Trump’s threats of imposing tariffs on goods exported to the United States. Since taking office, the American leader has signed numerous executive orders and reiterated his intention to impose tariffs of up to 20% on many countries trading with Washington.