U.S. stocks are drifting higher as Wall Street heads toward the end of an unusually quiet week. The S&P 500 rose 0.4% Friday and was on track to erase its small loss for the week.

President Trump floated the idea of bringing tariffs on Chinese imports down to 80 percent from their current 145 percent rate, but he said it’ll be up to Treasury Secretary Scott Bessent.

U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.