Editor's PiCK
Trump "No reason to meet Xi Jinping anymore... Considering large-scale tariff increases on China"
JH Kim
Summary
- U.S. President Donald Trump expressed reluctance about a meeting with China.
- President Trump said he is considering tariff increases in response to China's rare earth export restrictions.
- He stated that this increases the likelihood of changes to the trade environment with China and tariff policies.
According to economic news channel Walter Bloomberg on the 10th (local time), U.S. President Donald Trump said he is considering various countermeasures against China and "a meeting with Chairman Xi Jinping was scheduled within two weeks, but now there seems to be no reason for that." President Trump strongly opposed China's recent rare earth export restriction measures and hinted at the possibility of sharply raising tariffs on Chinese imports as a response.
JH Kim
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