President Trump initially labeled China as “very hostile” on Truth Social, dismissing the possibility of a meeting with President Xi Jinping. However, later in the day, he imposed significant 100% tariffs on Chinese goods, triggering sharp declines in stock and crypto markets.

In a subsequent statement from the Oval Office, Trump softened his stance, indicating the meeting with Xi was not canceled. While tensions remain high, the president appeared to leave room for diplomatic engagement. The comparison between Xi Jinping and Winnie the Pooh resurfaced amid the exchange.