Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
October 10, 2025
32 min
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4,960 of 5,353
October 10, 2025
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
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32:17This episodeTrump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Summary
<p>Watch Bloomberg Businessweek LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals.<br /><br />“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump posted Friday on social media.<br /><br />The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America,” adding that “there are many other countermeasures that are, likewise, under serious consideration.”<br /><br />Markets recoiled at the president’s comments, which portended fresh trade tensions between the world’s two largest economies. The S&P 500 and the Nasdaq 100 both plummeted, with the latter seeing its biggest drop since April 30. Chicago soybean futures also fell, hitting session lows after the post.<br /><br />Today's show features:</p> <ul> <li>Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on President Donald Trump’s reversal on a planned meeting with China’s Xi Jinping</li> <li>Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the global currency market</li> <li>Dana Stroul, Senior Fellow and Director of Research at the Washington Institute for Near East Policy on the Israel-Hamas ceasefire deal and President Donald Trump’s planned visit to the Middle East next week</li> <li>Bloomberg Intelligence Global Equity Strategist Gillian Wolff on Friday's market selloff</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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