Trump has rapidly caved in on his threats to China. Stocks (US equity index futures that is) have surged:US stocks surge higher at reopening of the week - loving the rapid Trump cave in on ChinaThere is probably good reason to exercise some caution here. By suggesting that Xi had a “bad moment”, ie implying he made an error , Trump may have made it more difficult for Beijing to step back or de-escalate, assuming it was even inclined to do so.Background to all this ICYMI:Friday ICYMI:investingLive Americas market news wrap: Trump lobs a hand grenadeLate Friday:Trump announces a 100% tariff on China in addition to current tariffs, but not immediatelyChina responds over the weekend:China: Rare earth export control measures are 'legitimate', blames US for rising tensionSome TACO moves already, some murmurings of Trump already backing off. BRB with more on this:Taco time: Crypto jumps as Vance says Trump willing to be reasonable negotiatorLatest:Pentagon to buy $1bn in critical minerals to cut China relianceTrump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan This article was written by Eamonn Sheridan at investinglive.com.