Trump Casts Doubt on US-China Meeting Amid Trade Tensions
US President Donald Trump has cast doubt on his upcoming meeting with Chinese President Xi Jinping in South Korea. This comes amidst escalating trade tensions between the two nations, with Trump threatening higher tariffs on Chinese goods and criticising China's rare earth export restrictions.
Trump's comments raised questions about the planned meeting, which was set to take place during the G20 summit in South Korea. The US President cited the ongoing trade conflict as the reason for potentially cancelling the meeting.
Markets reacted negatively to the news. The Dow Jones Industrial Average fell by 0.4 percent, while the DAX and EuroStoxx 50 both dropped by more than one percent. Investors are watching the situation closely, as any escalation in trade tensions could have significant global economic impacts.
Despite the uncertainty, the meeting between Trump and Xi Jinping is still scheduled to take place. Both leaders are expected to discuss the trade dispute, among other issues, during the G20 summit. The outcome of these discussions could have far-reaching implications for the global economy.
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