Wall Street has ended higher as investors assess US President Donald Trump's latest remarks on China, while quarterly results from regional banks eased concerns about credit risks.

Trump said his proposed 100 per cent tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tightening control over rare earth exports.

Trump unveiled the new tariffs a week ago, along with new export controls on "any and all critical software", to go into effect on November 1.

"The market doesn't really know what to take when Donald Trump speaks," said Robert Pavlik, senior portfolio manager at Dakota Wealth.

"There's just a lot of back-and-forth comments with regards to China and trade tariffs and pretty much everyth

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