BREAKING: China refuses to back down after Trump threatens 100% tariffs on imports

China signaled Sunday that it would not back down in the face of a 100 percent tariff threat from President Donald Trump, urging the U.S. to resolve the matter through negotiations instead of threats.

Newsweek has contacted the White House via email for comment outside of regular working hours.

Why It Matters
Earlier this week, China’s Ministry of Commerce announced new rules that would require foreign firms to obtain special approval before exporting products that contain even trace amounts of rare earth elements sourced from China. Those minerals are crucial inputs for a wide array of technologies—from jet engines, radar systems and electric vehicles to everyday consumer electronics such as laptops and phones.

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China accounts for nearly 70 percent of global rare earths mining and controls roughly 90 percent of the world’s processing capacity. That concentration of supply has made access to these materials a central point of leverage in ongoing U.S.-China trade talks.

https://www.msn.com/en-us/money/markets/china-reacts-to-trumps-100-tariffs-threat/

Trump’s promised 100% tariff on China is escalating the trade war to new, turbulent levels
On Friday, U.S. President Donald Trump lashed out at Beijing after China said it would tighten control over rare earth mineral exports.

https://www.fastcompany.com/91420769/trump-100-extra-tariff-on-china-escalating-trade-war-new-turbulent-levels

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