US President Donald Trump said he would “rather not” impose tariffs on China. His remarks contrast with recent comments in which he threatened 10% penalties, and fall short of proposed 60% levies floated during his campaign.

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.

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.