The world's two greatest economies have been locked in a trade dispute with tit-for-tat import tariffs that have roiled global financial markets and raised worries about global economic growth.
Trump, asked if he might cancel September trade talks with Beijing, said it was possible although talks are still scheduled.
"We have all the cards," Trump told reporters.
The president has said his tough stance on China's economic and trade policies would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment.
The U.S.-China trade war escalated sharply in recent days after Washington on Monday branded Beijing a currency manipulator for the first time since 1994, and said it would impose 10% tariffs on the remaining $300 billion in Chinese imports, starting on September 1.
Let's break into trade headlines... And yes, there have been quite a few this week. From Trump delaying the Oct. 1 tariffs by 15 days. And then there was another headline where Trump suggested that he..