"I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World, Trump said. 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."
"Rare earth metals are vital for such development, and China leads the world in refining the metals for use in devices like computers, smart phones and military weaponry. On Thursday, China unveiled a suite of new restrictions on the exports of those products. Out of the 17 elements considered rare earth metals, China will now require export licences for 12 of them. Technologies involved in the processing of the metals will also face new licensing requirements."
President Trump suggested he may scrap a planned meeting with Xi Jinping at the APEC summit after China announced new restrictions on rare earth exports. China will require export licences for 12 of the 17 rare earth elements and impose licensing on processing technologies, plus a special approval process for foreign companies shipping metallic elements abroad. China framed the measures as necessary for national security. Trump criticized China on social media for seeking to corner the rare-earths industry and warned of possible steep tariffs. The move intensifies existing technological and trade tensions between the two countries.
Read at www.aljazeera.com
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