President Trump warns of massively increased tariffs in wake of China’s rare earth mineral ‘monopoly position’ — Xi Jinping meeting cancelled as Trump promises retaliation for Beijing’s expanded export controls

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Heads of state from the U.S. and China had planned to convene next week in South Korea, amid prolonged and ongoing trade tensions between the two nations. It seems like this meeting is now off the table, as President Trump has just posted a scathing message on his Truth Social platform, accusing China of monopolizing every element of the rare earth mineral pipeline. In retaliation, “massive increases of tariffs” are being mulled for Chinese products entering America, among other moves that would appear…



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President Trump warns of massively increased tariffs in wake of China’s rare earth mineral ‘monopoly position’ — Xi Jinping meeting cancelled as Trump promises retaliation for Beijing’s expanded export controls


Heads of state from the U.S. and China had planned to convene next week in South Korea, amid prolonged and ongoing trade tensions between the two nations. It seems like this meeting is now off the table, as President Trump has just posted a scathing message on his Truth Social platform, accusing China of monopolizing every element of the rare earth mineral pipeline. In retaliation, “massive increases of tariffs” are being mulled for Chinese products entering America, among other moves that would appear…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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