Stocks were flat on Friday as investors began this weekend's highly anticipated trade talks between the United States and China. The S&P 500 fell 0.07%, Nasdaq stock was flat, and Dow Jones slipped out 0.3%. The market closed for a week of stagnation, dipped into Monday, and then recovered from losses later this week.

"I look forward to effective negotiations as we work to improve the international economic system to better serve the interests of the United States," Treasury Secretary Scott Bessent said on Tuesday.

Before the Bessent meeting, President Donald Trump said Friday to his opinion that "the 80% tariff on China seems to be right! To Scott B.

This will reduce Trump's current tariff rate on China in April, but taxes on one of the U.S.'s largest trading partners remain high. The People's Republic's export tax rate on the United States is as high as 125%, retaliating against the United States, and the Tit-for-Tat trade war has affected world trade.

China said on Friday that exports to the United States fell 21% year-on-year in April, with activity reported by U.S. ports. For example, exports at the Portland port in Oregon have dropped 50% since April 2, when Trump first announced his historically high tariff kit.

The president said his administration is still making progress on the trade deal. On Thursday, he unveiled the trade framework with the UK. The deal allows the UK to ship 100,000 cars per year to the U.S. at a 10% tariff, while a 25% tax is imposed. Steel and aluminum can enter the U.S. tariffs for free. Tim Meyer, a trade law professor at Duke University, told Bloomberg that the trade deal is “all-powerful.” Detroit's automakers, including General Motors, Ford and Strandis, criticized the White House for reaching a deal, claiming that it took priority over Britain and Mexico and Canada.

"Many trade deals on hoppers are good (great!)!" Trump released the truth on Friday.

The stagnant market on Friday ended the market revival that promoted stocks in early May. While Trump's initial tariff plan flashed the market a cardboard poster outlining the taxes imposed on dozens of countries, the market has since rebounded to "liberation day" levels.

This story originally appeared on fortune.com