NEW YORK >> Wall Street tumbled today after President Donald Trump rattled markets by unleashing a string of bellicose threats against China in retaliation for Beijing tightening rare earth restrictions.

In a post on Truth Social, Trump said he is weighing a “massive” tariff increase on Chinese imports and said there is no reason to meet with China’s President Xi Jinping in two weeks as planned, adding that there are “many other countermeasures” under consideration.

The tirade shocked markets and threatened further damage to already strained relations between the world’s two largest economies.

All three major U.S. stock indexes sold off sharply in the wake of Trump’s remarks, erasing the likelihood that the Nasdaq or the S&P 500 would register weekly gains, despite having touched record

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