China fires back at Trump’s 100% tariff threat
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Treasury Secretary Scott Bessent said he expects Trump and Chinese President Xi Jinping to still meet this month after Trump threatened to back out.
Beijing defends its new rare earth export curbs and warns its readying “corresponding measures” to counter any new U.S. tariffs.
The pause in the trade war between the U.S. and China may be at risk of breaking open again after Beijing implemented restrictions on rare earth exports.
China’s soybean imports hit a record high for the month of September, even as the country avoids US supplies amid a resurgence in trade tensions between the agriculture powerhouses.'
And back up goes Wall Street. U.S. stocks rallied Monday after President Donald Trump said ” it will all be fine,” just days after he sent the market reeling by threatening much higher tariffs on China.