Trump threatens to cancel assembly with Xi | EUROtoday

President Donald Trump has hit out at China, after the nation tightened its guidelines for exports of uncommon earths and opened an investigation into a significant US tech firm.

In a submit on social media, Trump accused Beijing of making an attempt to carry the world “captive” and stated there was now no cause to satisfy with President Xi Jinping later this month as had been anticipated.

He additionally threatened a “massive” enhance in tariffs on Chinese items, indicating a return of renewed commerce tensions between the 2 financial giants.

Financial markets dropped within the wake of the remarks, with the S&P 500 down roughly 1.4% in late morning commerce in New York.