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Trump threatens to cancel Xi meeting over China's rare earth restrictions

Trump threatens to cancel Xi meeting over China's rare earth restrictions

Summary

President Donald Trump has threatened to cancel a meeting with China's President Xi Jinping after China said it would limit access to minerals important for U.S. industries. Tensions between the U.S. and China are rising, and both countries are considering various trade measures that could worsen their trade relationship.

Key Facts

  • President Trump might cancel his meeting with President Xi Jinping.
  • China plans to restrict exports of minerals crucial to U.S. industry.
  • The planned meeting between U.S. and Chinese leaders is set for South Korea.
  • President Trump mentioned the possibility of increasing tariffs on Chinese goods.
  • Trump hinted at potential export restrictions on U.S. goods to China.
  • China's mineral restrictions could impact the U.S. economy if alternatives are not found.
  • The situation could either lead to a trade agreement or worsen U.S.-China relations.

Source Information