Trump Threatens China Imports Tariff Hike on Rare Earths
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Trump Threatens New tariffs on China Over Rare earth Export Controls
Table of Contents
the Escalating Trade Dispute
President Donald Trump on Friday threatened to impose a “massive increase of Tariffs” on Chinese products imported into the United States to “financially counter” new export controls that China imposed on rare earths from that country.
Trump also threatened in a social media post to cancel his upcoming meeting with Chinese President Xi Jinping as of the dispute.
Stock markets dropped following Trump’s assertive Truth Social post about China, in which he stated that “there is no way that” the country “should be allowed to hold the World ’captive'” with its rare earth policy.
The Importance of Rare Earth Minerals
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