The Treasury head said recent trade deals announced by the US — including with the European Union and Japan — created a “lot more leverage” and promised China will not get a “special deal,” despite being America’s third largest trading partner among individual nations.

Trump started hiking tariffs on Chinese goods shortly after his return to the White House. China ultimately responded with tariffs of its own. Tensions escalated, with tariff rates hitting the triple digits, before a trade truce in May.

The United States and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to Beijing’s lead negotiator.