President Donald Trump said he saw the US as locked in a trade war with China, even as Treasury Secretary Scott Bessent proposed a longer pause on high tariffs on Chinese goods to resolve a conflict over critical minerals.

The Big Money Show' panel debates Treasury Secretary Scott Bessent's China trade strategy.

President Trump is trying to publicly ease tensions with China to soothe markets while privately keeping up pressure on Beijing.

The White House is signaling that trade talks with China are still ongoing after President Trump threatened heavy tariffs on China last week, prompting pushback from China's President Xi. China called on Trump to withdraw his latest tariff threat,

China did not back down Monday in a back-and-forth with the U.S. over trade, calling for U.S. President Donald Trump to withdraw his latest threat of a 100% tariff and other export control measures announced over the weekend.

US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies.

U.S. and Chinese officials at the senior staff level talked on Monday following a flare-up in trade tensions between the two geopolitical rivals, U.S. Trade Representative Jamieson Greer told CNBC in an Tuesday interview.

And back up goes Wall Street. U.S. stocks are rallying Monday after President Donald Trump said “ it will all be fine ,” just days after he sent the market reeling by threatening much higher tariffs on China .