Dow Jones Industrial Average futures trimmed earlier gains on Friday (May 9) after President Donald Trump backed a steep tariff increase on China ahead of this weekend’s trade talks. Dow futures were flat following the remarks,

U.S. stock index futures were subdued on Friday after a rally in the previous session, when a new trade agreement between the United States and Britain had fueled expectations of more such deals to ease the sting of the global trade war.

Global stock markets were up—along with the dollar—with sentiment further buoyed by the prospect that the Trump administration will announce a trade-deal framework with the U.K.