Markets reacted sharply to Donald Trump's latest post on the TruthSocial social media platform. The Dow Jones Industrial Average plunged and is now down 1.2%. The situation of the S&P 500 index is similar, currently 1.7%. in the red. The biggest change was recorded by the Nasdaq, whose valuation is now 2.3 percent higher. lower compared to the opening of the day.
It is worth noting that today's session, before the US president's entry, was calm and green, and the Nasdaq even reached a new record high.
Donald Trump: “I see no reason to meet with Xi”
The US President announced in a post on TruthSocial that the planned meeting with Chinese President Xi Jinping during the APEC summit in South Korea may not take place. Donald Trump also stated that he was considering “a drastic increase in tariffs on Chinese products imported into the United States“. According to him, China uses its resources of rare earth metals to “imprison” the world.
Beijing's actions in recent days seem to confirm these allegations. CChina has tightened control over the rare earth metals market, introducing a requirement to obtain an export license for products containing these raw materials in quantities exceeding 0.1%. their values.
