Trump sees no reason to meet China’s Xi, threatens tariffs in new rift
smartcybers786@gmail.com 
US President Donald Trump and China's Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. — Reuters
#Trump #sees #reason #meet #Chinas #threatens #tariffs #rift
US President Donald Trump had threatened to raise prices on Chinese exports and cancel a meeting with President Xi Jinping against Beijing on Friday, which sent markets and relations between the world’s largest economies to spiral.
Trump met with XI in South Korea for almost three weeks, complaining on social media that he complained that China’s global economy hostage hostage, he complained that China had dramatically expanded its rare arthritis export controls on Thursday. China dominates the market for elements that are essential for tech manufacturing.
Trump said there was no reason to hold a meeting with XI, which he had announced earlier. Beijing never confirmed the meeting between the leaders.
These remarks indicated the biggest breakdown in the relationship within four months and immediately raised questions about whether the economic route between Beijing and Washington – the world’s largest factory and its largest user can survive.
Trump, a Republican, who used the taxes paid against friends and enemies by US importers, said on Friday that he was weighing the “massive” increase in such taxes on Chinese -made goods.
Washington and Beijing stopped Washington and Beijing earlier this year by Washington and Beijing. Beijing has long been called on Washington to abandon unilateral trade sanctions, saying that weaken global trade.
Markets are roaming on tariff threats
Unexpectedly, the Broad side sent the global financial markets to 2 % to the benchmark S & P 500 Index sliding, which is the biggest one -day decline since April, when the permanent barrage of tariff announcements by Trump was a central feature of market fluctuations. Investors fled to the safe haven for gold and US Treasury Securities, and the US dollar weakened against a foreign currency basket.
“Trump’s post can indicate the beginning of the end of tariffs,” said Craig Singleton, a Foundation for Defense for Defense for Democracy. “Beijing looks more than his hand.”
In his post, Trump said China was sending letters to countries around the world, which states that it has planned to impose export control on every element of rare land production.
He said he was contacted by angry countries on Beijing’s actions and said that he was surprised by the recent recent relations with China.
Trump said of the truth, “China has relied on what has said about the ‘ruling’ of its religion, as the president of the United States, I will be forced to financing his move.” For every element he has been able to monitor, we have two. “
He added: “I had to meet President XI in South Korea, APEC, in two weeks, but now there is no reason to do so.” Trump had earlier said that he would meet with XI at the Asia Pacific Economic Cooperation Forum in Gyangjo, South Korea, beginning October 31.
The White House and the Chinese Embassy in Washington did not immediately respond to a request to comment.
A spokesman for the US trade representative declined to comment on what retaliation Trump was considering, while a US Treasury spokesman did not immediately respond to the request for comment. Both offices have discussed trade with Beijing.
In recent times, economic tensions have been increasing. On Thursday, the Trump administration, for example, proposed banning Chinese airlines to fly Russia on the United States and routes to the United States. The Federal Communication Commission said Friday that the major US online retail websites have removed millions of listings for prohibited Chinese electronics.
The Chinese move on Thursday includes the inclusion of five new elements, as well as the inclusion of dozens of technology to the control list banning its exports. It also requires foreign rare land producers who use sugar material to comply with its rules.
China produces more than 90 % of the world’s processed rare lands and rare land magnets. There are many important materials from electric vehicles to aircraft engines and military radar products.
