Summary
President Donald Trump announced on his social media that he sees no need to meet with Chinese leader Xi Jinping during his upcoming visit to South Korea. This comes after China limited exports of rare earths, which are important to U.S. industries. Trump is thinking about significantly increasing taxes on Chinese goods entering the U.S. as a response.
Key Facts
- President Trump posted on social media about not meeting Xi Jinping in South Korea.
- China recently restricted exports of rare earth materials important to the U.S.
- Trump is considering raising tariffs on Chinese goods as a response.
- Tariffs are taxes on imported goods.
- Other countermeasures against China are also being considered by the U.S.
- The news is ongoing, with updates expected soon.
