SaralnamaUS President Trump may cancel his meeting with Chinese President Xi. Trump accused China of becoming hostile after it tightened rare earth export rules. He threatened to raise tariffs on Chinese goods. US markets fell sharply. The S&P 500 dropped 2.7%. China controls rare earth production, vital for many products. It also started a probe into US firm Qualcomm and plans new fees for US-linked ships. Experts say China is trying to gain leverage before talks. The US has limited options due to its defence needs. Negotiations may still happen before China's new rules start in December. (Updated 11 Oct 2025, 02:05 IST; source: link)
Key Points
- US President Trump may cancel his meeting with Chinese President Xi
- Trump accused China of becoming hostile after it tightened rare earth export rules
- He threatened to raise tariffs on Chinese goods