Trump threatens 'massive' tariff hike on China over rare earths dispute
Trump threatens 'massive' tariff hike on China over rare earths dispute
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Trump threatens 'massive' tariff hike on China over rare earths dispute
Stock markets dropped on Trump's bellicose Truth Social post that said China is "becoming very hostile" in seeking tough export controls on rare earths.
Trump cited export controls that China imposed on rare earths from that country. Trump also threatened to cancel his upcoming meeting with Chinese President Xi Jinping because of the dispute.