Trump Calls for More Tariffs Following China Rare Earths Announcement

The president also said he has "no reason" to follow through on a planned meeting with his Chinese counterpart next month in South Korea.

President Donald Trump responded on Friday to China's plans to limit exports of certain rare earth minerals with two lengthy social media posts accusing Xi Jinping's government of "lying in wait" throughout trade talks this year and promised reprisals.

Citing what he described as China’s “hostile” actions, Trump announced a 100 percent tariff on all Chinese imports, “over and above any Tariff that they are currently paying.” ”

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