The Big Money Show’ panel discusses escalating trade tensions between the U.S. and China and how President Donald Trump aims to make America financially and industrially independent.

The week started with more trade flare-ups between the U.S. and China. Both sides now appear to be making efforts to cool tensions after threats of a reignited trade war scared financial markets. What they're saying: President Trump suggested that imposing an additional 100% tariff on Chinese goods likely couldn't last.

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.

The United States (US) and China have resumed high-level discussions aimed at addressing ongoing trade tensions between the world’s two largest economies. In a statement on October 18, U.S. Treasury Secretary Scott Bessent confirmed that he held “frank and detailed discussions” with Chinese Vice Premier He Lifeng on Friday evening,

Key Takeaways President Donald Trump acknowledged that the U.S. and China are in a trade war this week.The U.S. has threatened to raise tariffs on China to high levels, while China has threatened to cut off rare earth minerals crucial to U.

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 tariff battle.

President Donald Trump said his threatened high tariffs on Chinese goods are “not sustainable,” even as his administration presses ahead with sweeping trade penalties against Beijing in a deepening tariff standoff.