U.S.-China Trade War Escalates Ahead of Key Summit
President Donald TRUMP openly acknowledged the ongoing trade war with China, marking a significant escalation in rhetoric. The U.S. has threatened to impose triple-digit tariffs on Chinese goods, while China retaliated with warnings of restricting rare earth mineral exports—a critical resource for American industries.
The confrontation sets the stage for a high-stakes meeting between Trump and Chinese President Xi Jinping at the end of October in South Korea. Failure to reach a compromise by November 10 could trigger another wave of tariffs, further straining global markets.
Market volatility is expected to intensify as investors weigh the potential fallout. Cryptocurrencies, often viewed as a hedge against macroeconomic instability, may see increased interest if traditional markets react negatively to the trade dispute.
