But, shortly after Trump issued his trade threats against China on Friday, he and his administration walked back some of his most aggressive rhetoric.”Don’t worry about China, it will all be fine!” he posted Sunday on Truth Social. “The U.S.A. wants to help China, not hurt it!!!”
U.S. Treasury Secretary Scott Bessent echoed Trump in a Monday morning interview with Fox Business. While Bessent criticized China’s rare earth restrictions, he said that the administration has “substantially deescalated” trade tensions with China since Trump’s threats and that there’s been “substantial communication” over the weekend.
“I believe China is open to discussion on this,” Bessent added.
The stock market has responded favorably. After tanking 3% on Friday, the S&P 500 opened Monday up 1%.
