President Donald Trump called the trade spat with China "a little squabble," speaking to reporters today.
Of course that spat has escalated significantly over the past week, as both Washington and Beijing raised tariffs on imports. As a result, on Monday, the Dow and the S&P 500 had their worst days since January 3, while the Nasdaq recorded its worst day since December.
In his comments, Trump added that the United States had a very good dialogue with China and that a trade deal could absolutely happen.
The Dow was up 333 points, or 1.3% at midday.