Summary
China responded to President Donald Trump's threat to increase tariffs on Chinese imports to 100% by insisting on negotiations rather than threats. China, a major producer of rare earth elements essential for various technologies, warned it would protect its interests if unilateral actions are taken by the U.S. A potential meeting between President Trump and Chinese leader Xi Jinping is expected at the end of the month.
Key Facts
- President Trump threatened to impose a 100% tariff on Chinese imports.
- China suggested resolving the issue through talks instead of threats.
- Rare earth elements from China are crucial for many technologies like jet engines and consumer electronics.
- China controls about 70% of global rare earth mining and 90% of processing.
- China's Ministry of Commerce mentioned it will protect its rights if unilateral U.S. actions continue.
- A meeting between Trump and Xi Jinping might happen at the end of the month in South Korea.
