China, Donald Trump and earth
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U.S. stock futures rose early on Monday as President Donald Trump and Vice President JD Vance signaled they are open to a deal with China to de-escalate trade tensions, after the president threatened to impose an additional 100% tariff on Chinese goods on Friday in response to Beijing’s expansion of export controls on critical rare earth minerals.
China called U.S. President Donald Trump's latest tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.
“We should not miss the fundamental point on rare earths: China has crafted a policy that gives it the power to forbid any country on Earth from participating in the modern economy,” Dean Ball, who served as a senior advisor in the White House Office of Science and Technology Policy earlier this year, wrote on X on Saturday.
President Donald Trump’s administration signaled openness Sunday to a deal with China to quell fresh trade tensions while also warning that recent export controls announced by Beijing were a major barrier to talks.
On Friday, U.S. President Donald Trump lashed out at Beijing after China said it would tighten control over rare earth mineral exports. The trade war between the U.S. and China is heating up: On Friday,