Tariffs on China will remain at their current levels, according to Stephen Miran, a key architect of President Donald Trump’s trade policies. Miran’s comments come at a time when the administration is trying to calm nervous investors but offering mixed signals.

President Trump on Wednesday dismissed concerns about bare store shelves as he spoke about his trade approach with China.

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in.