Donald Trump is following through with additional 100% tariffs on all Chinese imports starting Nov. 1, in retaliation for Beijing’s new export control measures in the strategic rare earth sector. This will come two days after his scheduled meeting with Chinese President Xi Jinping, suggesting Trump may still be leaving room for a deal. When asked if he would reconsider should China roll back the export controls, Trump said, “We’re gonna have to see what happens. That’s why I made it Nov. 1.” The sudden Chinese restrictions caught the White House off guard and, combined with Trump’s response, effectively ended the short-lived trade truce between the two countries. Under the new Chinese regulations, foreign companies will now need Beijing’s approval to export products containing rare earths. #donaldtrump #xijingping #tariffs #news Image credits: realdonaldtrump/Instagram, Xinhua News Agency & Canva
@mothershipsg Donald Trump is following through with additional 100% tariffs on all Chinese imports starting Nov. 1, in retaliation for Beijing’s new export control measures in the strategic rare earth sector. This will come two days after his scheduled meeting with Chinese President Xi Jinping, suggesting Trump may still be leaving room for a deal. When asked if he would reconsider should China roll back the export controls, Trump said, “We’re gonna have to see what happens. That’s why I made it Nov. 1.” The sudden Chinese restrictions caught the White House off guard and, combined with Trump’s response, effectively ended the short-lived trade truce between the two countries. Under the new Chinese regulations, foreign companies will now need Beijing’s approval to export products containing rare earths. #donaldtrump #xijingping #tariffs #news Image credits: realdonaldtrump/Instagram, Xinhua News Agency & Canva
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