President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry.

The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves.

The United States and China have been jockeying for advantage in trade talks, after the import taxes announced earlier this year triggered a trade war between the world’s two largest economies. Both nations agreed to ratchet down tariffs after negotiations in Switzerland and the United Kingdom, yet tensions remain as China has sought to restrict America’s access to the difficult-to-mine rare earth’s needed for a wide array of U.S. tec

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