President Donald Trump threatened economic retaliation against China after Beijing tightened export controls on critical rare earth elements.
In a Truth Social post, Trump accused Chinese President Xi Jinping of “hostile” actions that could disrupt global markets and said he no longer sees a reason to meet Xi during the upcoming APEC summit in South Korea.
🚨 BREAKING: Trump threatens possible 'massive' tariff increases on goods from China over 'trade hostility' pic.twitter.com/cIIlw3UJ2T
— Fox News (@FoxNews) October 10, 2025
Beijing recently expanded its list of restricted rare earths and imposed new rules on their overseas use, including for military and semiconductor applications.
The move, viewed by U.S. officials as a sharp escalation, could derail diplomatic efforts between Washington and Beijing.
Trump warned that the United States would “financially counter” China’s decision, adding that for every element monopolized by China, “we have two.”
Stocks fell sharply following his comments, with the Dow down 400 points. The White House has not confirmed whether the Xi-Trump meeting is canceled.
Also read:
TIPP Staff
