Investors are eyeing a stock market rebound after Friday’s trade war flare-up sent the S&P 500 to its worst loss since April.
On Sunday, President Donald Trump sought to calm nerves in a post on Truth Social , following his announcement on Friday that he will impose an additional 100% tariff on China and limit U.S. exports of software.
“Don’t worry about China, it will all be fine!” he wrote. “Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”
Meanwhile, Vice President JD Vance told Fox News’s Sunday Morning Future s that the U.S. is willing to be reasonable if China is too, though he insisted Trump has the upper hand with “far more cards” than Beijing holds.
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