U.S. President Donald Trump has confirmed plans to meet China's President Xi Jinping soon. This meeting is expected to happen in two weeks, indicating a possible ease in the tense relations between both nations.
Just a few days ago, Trump mentioned there was no necessity to meet with President Xi. Last week, he announced a 100% tariff on all Chinese goods imported into the U.S.
In an interview with Fox Business Network, Trump stated that the tariff would not last indefinitely, but insisted, 'a tariff is a tariff.' He felt compelled to make this decision.
The President expressed optimism, predicting all issues with China will be resolved and looked forward to meeting Xi soon. 'We're meeting in two weeks,' he confirmed.
What accusations did Trump make against China?
These comments emerged amidst long-standing tensions between the two countries. Last week, Trump accused Beijing of attempting to control rare earth exports, aiming to hold the world hostage.
He declared that such global hostage-tactics could not be permitted for China. The Chinese government is reportedly communicating which elements may face export restrictions. Trump stated, 'I did not feel the need to discuss this directly with President Xi. I was planning a meeting for this month, but it seems unnecessary now. Perhaps, I won't meet him after all.'
It should be noted that China has further tightened controls over the export of rare earth and other materials necessary for high-tech product manufacturing. This move comes amid continuous trade negotiations with the U.S. Almost 90% of rare earth processing takes place in China, with these minerals being crucial for products ranging from solar panels to smartphones. Rare earth minerals comprise a group of 17 metallic elements, essential for many cutting-edge products.
