« on: October 10, 2025, 03:49:45 pm »
https://www.reuters.com/world/china/trump-says-weighing-massive-increase-tariffs-chinese-imports-no-reason-meet-with-2025-10-10/U.S. President Donald Trump threatened to hike tariffs on Chinese exports and cancel a meeting with President Xi Jinping, in a broadside against Beijing on Friday that sent markets and relations between the world's largest economies into a spiral.
Trump, due to meet Xi in about three weeks in South Korea, complained on social media about what he characterized as China's plans to hold the global economy hostage after China dramatically expanded its rare earth element export controls on Thursday. China dominates the market for such elements, which are essential to tech manufacturing.
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The remarks signaled the biggest rupture in relations in four months and immediately raised questions about whether an economic detente between Beijing and Washington - the world's biggest factory and its biggest consumer - can survive.
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He said he had been contacted by unnamed countries incensed over Beijing's steps and said he was surprised because of the "very good" recent relationship with China.
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"Dependent on what China says about the hostile 'order' that they have just put out, I will be forced, as President of the United States of America, to financially counter their move," Trump said on Truth Social. "For every Element that they have been able to monopolize, we have two."
He added: "I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so." Trump had earlier said he would meet Xi on the sidelines of the Asia-Pacific Economic Cooperation forum being held in Gyeongju, South Korea, starting October 31.
EXCERPT
Trump finally waking up to his good buddy Xi and the ChiComs? Still want to bring 600,000 of them into the U.S.?
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