Trump threatened China with 100% tariffs — summit with Xi Jinping is at risk of being canceled
According to Trump, China's actions, including threats to restrict the export of rare earth metals, could "paralyze global trade." He noted that Beijing's behavior is becoming increasingly hostile, and China is effectively "holding the world hostage." The situation between the U.S. and China is escalating, casting doubt on the upcoming meeting between Trump and Xi Jinping at the APEC summit, which will take place in South Korea.