Trump threatens 'massive' tariff hike on China over rare earths dispute

Geopolitical Tension & Trade Relations - US President threatens unspecified retaliation against China following restrictions on rare earth materials [1] - Scheduled meeting between US President and President Xi Jinping of China at APEC in South Korea is seemingly cancelled [1][2][5] - The President expresses surprise at China's move, considering it inappropriate [2] Trade & Economic Policy - Potential implementation of massive increase of tariffs on Chinese products entering the United States is under consideration [4][5] - The US is exploring countermeasures, emphasizing its capacity to respond to China's monopolies [4] Rare Earth & Resource Control - China's restriction on rare earth materials is a key trigger for US response [1][3][5] - The US perceives China's actions as potentially painful but ultimately beneficial for the USA [4] International Relations & Diplomacy - The timing of China's move is questioned, suggesting it overshadowed news of a US-brokered peace agreement in the Middle East [2][3]