Markets took a late-day gut punch on Oct. 14 after President Donald Trump took to Truth Social and threatened to terminate business with China “having to do with cooking oil” among other “elements of trade” in response to China slashing imports of U.S. soybeans in recent months. (1)

President Donald Trump joins ‘Sunday Morning Futures’ to discuss China’s restrictions on rare earth mineral exports, the legality of his tariff policies and his outlook for the U.S. economy.

China’s decision to restrict export of rare earth minerals on Oct. 10 triggered a round two of tit-for-tat actions.

China holds a near-monopoly in the processing of the elements crucial for making everything from smartphones to fighter jets.

Trump administration officials work to stabilize U.S.-China relations after trade war threats, with President Donald Trump prepared to meet Xi Jinping.

President Trump’s theatrical diplomacy works in the Middle East — but it won’t with China, Fareed argues. Unlike Middle Eastern countries, China has the strength to call the president’s bluffs. If Trump continues to prioritize showmanship over statecraft,

"Perhaps of greatest concern for China is the software used in advanced manufacturing – Western companies control over 70% of the Chinese market for chip design software, for example."

By Savyata Mishra (Reuters) -U.S. President Donald Trump's threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand.