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Trump appears to cancel meeting with Xi amid rare earth trade clash, threatens ‘massive’ tariffs

US President Donald Trump on Friday appeared to cancel a planned meeting with Chinese President Xi Jinping, accusing Beijing of “hostile” trade behaviour after it further expanded export controls on rare earth elements and threatening “massive” tariffs. In a social media post, Trump said he had been “surprised” by China’s move, which he claimed would “clog markets” and hurt global production across industries. “There is no way that China should be allowed to hold the world ‘captive’,” he wrote,...


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