Stating that “no one has seen something like this”, Trump wrote that the event comes regardless of six months of what he described as a “superb” relationship with China, and stated he believes China has been “mendacity in wait”. The American president accused the Asian nation of attempting to carry the world “captive” by its management of uncommon earths and magnets.
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The US president warned that America holds “a lot stronger monopoly positions” however has thus far chosen to not use them “UNTIL NOW!”
Trump is scheduled to make an announcement from the Oval Workplace at 5 pm EDT Friday (2:30 am in India Saturday).
In his Reality Social publish, Trump hinted at a “large improve of tariffs on Chinese language merchandise” as a part of Washington’s potential countermeasures.
“Depending on what China says in regards to the hostile order they’ve simply put out, I will probably be pressured to financially counter their transfer,” he wrote.
He additionally talked about different retaliatory steps are additionally being thought-about.
In response to the publish, Trump has no plans to fulfill Chinese language President Xi Jinping on the upcoming APEC summit in South Korea. Trump concluded by writing that, although the confrontation may very well be “painful”, it will finally be “an excellent factor for the USA”.
