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International Business Times
International Business Times
Business

Trump Calms Trade War Fears After China Vows Retaliation to 100% Tariff Threat

China Donald Trump Xi Jinping United States Earth
In this file photo taken on June 28, 2019, China's President Xi Jinping (R) shakes hands with US President Donald Trump before a bilateral meeting on the sidelines of the G20 Summit in Osaka. -

President Donald Trump sought to ease worries of a deepening trade war with China on Sunday, following his threat to impose a 100% tariff on Chinese imports.

The tariff threat came in response to China's recent export restrictions on rare earth minerals—key ingredients in many high-tech and military products.

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