Trump fires back at Chinas rare earth mineral restrictions by threatening 100% tariffs | TechCrunch

Image for article Trump fires back at Chinas rare earth mineral restrictions by threatening 100% tariffs | TechCrunch
News Source : TechCrunch

News Summary

  • President Donald Trump announced Friday that he will impose a 100% tariff on all imports from China.
  • China is the world’s largest producer of rare earth minerals, which are used in products critical to the tech industry, including semiconductors and solar panels.
  • This is the latest move in what looks like an escalating trade conflict between the United States and China.
  • After posting, Trump reportedly told journalists that the tariffs could still be walked back, and that he would not necessarily cancel a scheduled meeting with President Xi Jinping.
President Donald Trump declared Friday that he will impose a 100% tariff on all imports from China, while also imposing export controls on any and all critical software from the United States.This [+1733 chars]

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