WASHINGTON — President Donald Trump said Friday that "there seems to be no reason" to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry.

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President Donald Trump says on his social media site "there seems to be no reason" to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China has restricted exports of rare earths needed for American industry

Trump suggested Friday he was looking at a "massive increase" of import taxes on Chinese products in response to Xi's moves

Trump says, "One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America

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