China is turning hostile, said Trump, warning a raise in tariffs. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
US President Donald Trump on Friday accused China of becoming "very hostile," warning of a "massive increase" in tariffs on Chinese goods amid escalating trade tensions. He slammed Beijing for a "sinister move" in imposing export controls on rare earth materials and called recent Chinese letters to other nations "especially inappropriate."
Notably, the US and China appeared to have reached an understanding on trade of rare earth minerals and semiconductor chips, which had led to the tariff rate being lowered to 30% in August.
Trump's fresh comments indicate that the trade ties may plunge again. He said that a planned meeting with Presiden