Trump Signals Possible Cancellation of Xi Meeting Amid Rising Trade Tensions

President Donald Trump has threatened to cancel a meeting with Xi Jinping amid escalating trade tensions following Chinas restrictions on rare-earth element exports.

• In a social media post, Donald Trump stated he saw no reason to meet with Xi Jinping later this month due to Chinas perceived hostility.
• Trump accused Beijing of trying to hold the world captive and hinted at a massive increase in tariffs on Chinese goods.
• The tensions arise as China tightens its rules on exports of rare-earth elements, which are critical for various high-tech industries.