"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!!!"

Wall Street is wondering if Trump's tariff threats on China following its rare earth export crackdown have teeth.

Stocks had been dropping all day after Trump announced a ‘massive increase of Tariffs on Chinese products,’ to counter the country’s new export controls on rare earth minerals

Stocks had been heading for a slight gain in the morning, until Trump took to Truth Social. and said he’s considering “a massive increase of tariffs” on Chinese imports.

Those moves come after Trump's latest Truth Social post suggested to investors the president may not follow through on his threat to post a "massive increase of tariffs" on China.

"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!!!"

European indices rise and cryptocurrencies rebound as new front in trade war looks less severe after Trump post