Trump Says U.S. Weighing Sharp Tariff Hike on Chinese Imports, Sees No Reason to Meet Xi**

U.S. President **Donald Trump** said on Friday that there is no reason to meet with Chinese President **Xi Jinping** in two weeks in **South Korea**, as had been planned, adding that the **United States is calculating a sharp increase in tariffs** on Chinese imports.

Trump wrote on the social media platform **Truth Social** that **China has been sending letters to countries around the world** saying it plans to impose **export controls on all rare-earth–related production elements**.

“No one has ever seen anything like it, but essentially this would ‘clog up’ markets and make life difficult for virtually every country in the world — especially China,” Trump said in the post.

He added that he has not spoken with Xi because there is **no reason to do so.

Source: MSN

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