President Trump insisted Sunday he wasn't out to destroy China, even as he defended waging a trade war against the world's second-largest economy. The big picture: The last 10 days have been a series of escalations and de-escalations,

China announced it will hold new trade talks with the United States “as soon as possible” amid rising tensions. The discussions follow U.S. President Donald Trump’s announcement of 100% tariffs on Chinese exports and strict controls on critical software.

U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to forestall an escalation of U.S. tariffs on Chinese goods that President Donald Trump said was unsustainable.

Wall Street ended higher on Friday as investors assessed U.S. President Donald Trump's latest remarks on China, while quarterly results from regional banks eased concerns about credit risks. Lisa Bernhard has more.

What Happened in Markets Today Trump said the U.S. is “going to do fine with China.” In a television interview, he said the extra 100% charge on goods from China that he has threatened to introduce at the start of November [wasn't sustainable.

President Donald Trump on Friday afternoon offered additional conciliatory comments about China after analysts said the market’s gains on Friday morning had come in part from his remark that an additional 100% tariff on Chinese products would not be sustainable.

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world's two biggest economies seek to avoid another damaging tit-for-tat