Nio Inc. (NYSE:NIO), and Xpeng Inc. (NYSE:XPEV) rose as much as 3.2% in premarket trading on Friday after President Donald Trump said in an interview with Fox News that he would rather not use tariffs against China.

President Donald Trump said from the White House that he's looking at a 10% tariff on imports from China. He pushed Xi Jinping crack down on fentanyl.

Much has been made of the impending trade war between the United States and China, but the mercurial Trump might surprise us all.

Talking about making a deal over fair trade practices, Trump said that it was possible for him to achieve that with Xi, who he termed as ‘ambitious’.

According to the US Drug Enforcement Administration (DEA), fentanyl is a highly addictive synthetic opioid which presents the deadliest drug threat in the country. US President Donald Trump said he is looking at February 1 as the date for imposing the tariffs.

Donald Trump has not yet given any indication that he’ll impose a universal tariff on Day One as part of his blizzard of executive orders.

On the very first full day of his second presidency, Mr Trump said the tariffs on China were still on the table in his remarks to reporters at the White House on Tuesday. The remarks came even after Mr Trump refrained from mentioning China from the countries he was looking to target immediately.

President Donald Trump could take a slower, more deliberate process in establishing tariffs after promising for months that trade partners would be hit with significant tariffs on his first day in office.

U.S. President Donald Trump said his conversation with Chinese President Xi Jinping last week was friendly and he thought he could reach a trade deal with China.

US President Donald Trump announced on Tuesday his administration is considering imposing a 10 per cent tariff on China starting February 1, citing fentanyl exports to Mexico and Canada as the primary reason.

Trump threatens China with 10% tariffs on all goods despite ‘very good’ Xi call - China responds by saying there are ‘no winners in a trade war or a tariff war’