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.

President Donald Trump said on Tuesday that if China does not agree to a deal on trade, the U.S. will set the terms.

The White House has 78 days to negotiate trade agreements with at least 57 countries to avoid imposing the "reciprocal" tariffs it announced at the beginning of April.