Trump Threatens Tariffs and Meeting Cancellation Over China’s Rare Earth Export Restrictions

US President Donald Trump has accused China of becoming ‘very hostile’ by imposing export controls on rare earth elements and other critical minerals. In response, Trump has threatened to retaliate with significant tariff increases and may cancel a scheduled meeting with Chinese President Xi Jinping at the APEC summit in South Tork. The dispute follows recent diplomatic efforts to ease trade tensions.