US President Donald Trump has reignited the trade war with China, abruptly ending a fragile truce between the world’s two largest economies, Reuters reports. The move came after Beijing expanded export controls on rare earth elements crucial to global technology production.
White House announced a sweeping set of trade measures on Friday, including a 100% tariff on Chinese exports bound for the U.S. and new restrictions on «all critical software» exports from America. The measures will take effect on November 1, just days before existing tariff relief expires.
Speaking to reporters, Trump hinted that his long-anticipated meeting with...