US EditionTrump claims Xi just ‘had a bad moment’ after minerals crash rocks markets
- On Sunday, US President Donald Trump said `The U.S.A. wants to help China, not hurt it!!!` and planned extra levies starting November 1 over export curbs on rare-earths.
- China's new export curbs on rare-earths, described by Washington as 'extraordinarily aggressive,' matter because rare earths are critical for smartphones and electric vehicles.
- Current duties show Chinese goods face 30 percent US levies, while Trump's threats included an additional 100 percent tariff and China's retaliatory tariffs stand at 10 percent.
- Wall Street traders sent stocks lower as they feared the trade war could reignite, while Beijing's Ministry of Commerce accused Washington of unfairness, calling the tariff threat a 'typical example of "double standards".'
- The commerce ministry noted measures had been ratcheted up since September, and Trump's Friday statements, including a threat to cancel a meeting with Xi later this month, heightened diplomatic strain.
135 Articles
135 Articles
Washington. U.S. President Donald Trump said yesterday that his country wants to “help China, not harm it,” taking a conciliatory tone days after announcing an additional 100 percent tariff to the world’s second largest economy.
U.S. Relations With China Just Went Down the Tubes - LewRockwell
Did we just witness the economic trigger event that will cause the dramatic stock market crash that we were just warned about? On Friday, U.S. stock prices absolutely plummeted once President Trump announced that China’s new rare earth export restrictions would be countered by “a massive increase” in tariffs on Chinese imports into the United States. If tariff rates go above 100 percent, many Chinese-made goods that are currently filling our s…
U.S. President Trump has once again commented on the recently aggravated customs dispute with China - but this time more conciliatory. His country wants to help China and not harm it, he explained.[more]]>
When exporting rare earths, China resists Washington's wishes. Trump initially threatens with 100 percent tariffs, which makes the stock exchanges insecure. While Beijing remains tough on weekends, the US President now changes his tone. Everything will be fine, he informs.
Coverage Details
Bias Distribution
- 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
