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Trump Puts Planned Xi Meeting in Doubt, Threatens 'Massive' New Tariffs

A Truth Social post cites alleged Chinese moves on rare earth exports, signaling a shift from the recent tariff pause.

Overview

  • The president wrote there was "no longer a reason" to meet Xi on the sidelines of the APEC summit in South Korea later this month.
  • He said the United States is considering massive increases in tariffs on Chinese imports.
  • He alleged China sent letters to countries worldwide announcing export restrictions on rare earths and other materials.
  • He warned such curbs could disrupt global trade and harm many states, according to his post.
  • The remarks follow a pause after both countries imposed import surcharges above 100 percent in April.