The Trump administration appears to be trying to calm markets — and investors seem to be responding — after Friday’s sharp sell-off and a tense weekend between Washington, D.C., and Beijing.

Stocks, oil and crypto were all back in the green on Monday after nosediving on Friday. The sell-off was triggered by the threat of steep new tariffs on China in response to China's announcement of export controls on rare earths. President Donald Trump also had threatened to pull out of a future meeting with Chinese President Xi Jinping.

Over the weekend, the president tried a different tone on Truth Social , writing: "Don't worry about China, it will all be fine! 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 h

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