WASHINGTON — President Donald Trump on Friday threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession.

Trump threatens ‘massive’ tariffs and cancelling meeting after China’s rare earth curb

President Trump responded to Beijing’s announcement this week to put new restrictions on exports of rare earths. Trump and President Xi had planned to meet at the end of the month.

The president expressed frustration with new export controls placed on rare earth elements by China — and said on social media that “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea.

Trump later told reporters he had not cance

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