US President Donald Trump on Friday slammed China for hostile trade practices, including imposing export controls on rare earths, and said he no longer felt it necessary to meet President Xi Jinping at a summit later in the month.
In a long post on Truth Social, Trump also threatened Beijing with “massive” tariff hikes over the matter, with other major countermeasures “under consideration.”
He is full of it. He is trying to find an excuse for the ridiculous price increases in the last month on all products, including food, essentials that do not even come from China. 3 weeks ago pork was $1.94/lb, today is $4.55 and in as far as I know, China is importing pork from USA, not exporting to USA. MAGA movement turned out to be a big lie and a bigger fiasco. Should have known with such a clown especially when both parties were doing everything to get him to the super hero status.