Trump threatened to increase tariffs on Chinese products.

Stern Message from Trump to China

U.S. President Donald Trump announced that they are considering a significant increase in tariffs on Chinese products due to the rare earth element export restrictions imposed by China.

Tariff Increases Possible

In a statement made on Friday, Trump highlighted the tension in relations with Peking and warned that the planned meeting with President Xi Jinping could be canceled. Trump indicated that in this case, tariffs could be increased.

Economic Tension Rising

Following China's major export restrictions on rare earth elements on Thursday, Trump expressed that China intends to exert pressure on the global economy. The upcoming meeting expected to take place in South Korea in about three weeks is eagerly awaited in this context.