China criticized the trade agreement reached between the U.S. and the U.K. last week as it could potentially push Chinese products out of British supply chains.

EU officials want a trade deal with the U.S. that sees a larger reduction in tariffs than negotiations with the U.K. and China have so far yielded.

President Donald Trump on Thursday said his administration has reached a preliminary deal with the U.K. on trade, offering a bit of relief to investors who have spent weeks waiting for such agreements.