The dollar is rising Friday morning as the prospects of talks fixing the trade tensions between the U.S. and China were undercut by a tweet by President Trump. Worse-than-expected U.S. retail sales caused the dollar to dip briefly.

No pressure to make a deal

The day after markets turned risk-on due to reports of reignited trade talks between the U.S. and China, President Trump took to twitter to shut down the party.

“We are under no pressure to make a deal with China, they are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?” Trump said on Twitter.

The President’s comments go against the fact that Treasury Secretary Steven Mnuchin invited China to return to the table for talks and the ensuing market optimism around more talks.

Markets turned risk off after the tweet and the safe-haven dollar resumed its rise.

Retail sales surprise on the downside

As it climbed higher against the euro Friday morning, the dollar fell briefly due to worse-than-expected retails sales for August.

The retail sales control group grew 0.1% compared to 0.4% expected. Retail sales excluding autos grew 0.3% month over month, instead of the 0.5% expected.

Besides the brief rise after the retail sales releases, EUR/USD has fallen from 1.172 to 1.66 Friday morning.

Brexit blues

The pound is losing steam against the dollar as negotiations between the E.U. and the U.K. seem to have slowed.

Brexit Secretary Dominic Raab and E.U. negotiator Michel Barnier were scheduled to meet today and will instead just have a phone call. This is ahead of an E.U. summit next Thursday.

GBP/USD dropped from 1.31 to 1.309, but still sits at its highest levels since early August.

On Thursday, Bank of England Governor Mark Carney shared some of the possible worse-case scenarios as part of Brexit planning, including a 35% drop in house prices.

There are also reports that the Labour Party is set to vote down any deal reached by Prime Minister Theresa May with the E.U. That is, if a deal is reached.