Summary
President Donald Trump threatened to increase tariffs on Chinese goods after China put limits on exporting rare earth elements needed for U.S. industries. Trump suggested that a meeting with Chinese leader Xi Jinping planned for an upcoming trip might not happen. This is part of ongoing trade tensions between the U.S. and China, with both countries imposing tariffs on each other.
Key Facts
- President Trump is considering increasing tariffs on imports from China due to China's restrictions on rare earth exports.
- Rare earth elements are essential for many U.S. technologies, like electronics and jet engines.
- China announced it will require foreign companies to get special approvals for exporting these elements.
- Trump mentioned that China's actions could destabilize the global economy.
- A meeting between Trump and Chinese leader Xi Jinping in South Korea is uncertain.
- The U.S. and China have been in a trade dispute, with both countries imposing high tariffs against each other.
- China did not provide an official response to the Associated Press about Trump's comments.
