UpdatevideoTrump announces new 100% China tariff, threatens to scrap Xi talks
- “Some very strange things are happening in China! They are becoming very hostile,” Trump said
- Trump was reacting to China's notification to countries around the world detailing export controls on rare earth minerals
- Stock markets fell as the simmering trade war reignited, with the Nasdaq down 3.6 percent and the S&P 500 down 2.7 percent
