Hours after Donald Trump threatened Beijing with “massive” tariffs on Friday over its export controls on rare earths, he appeared to put his words into action by imposing a 100 per cent levy on imports from China.
But the US president’s move hinted at a more calibrated approach than some had expected.
Instead of imposing the tariffs immediately, they will come into effect on November 1, two days after a scheduled meeting with President Xi Jinping. That suggested Trump was creating room for a solution even though he had said there was no point in meeting Xi at the Apec forum in South Korea.
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