Post Time: 2026-03-13

Country: United States, Australia, United Kingdom. City: Chesapeake, Columbus, Hialeah, Nashville, ZionUS President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting a knockout post with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals. The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America." Trump's announcement sent US stocks into a tailspin as traders rushed to bonds. Bloomberg International Economics & Policy Correspondent Michael McKee joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Emily Graffeo. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays please click 7am-6pm ET WATCH HERE: Follow us on X: Subscribe to our Podcasts: Bloomberg Daybreak: Bloomberg Surveillance: Bloomberg Intelligence: Balance of Power: Bloomberg Businessweek: Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: Android Auto: Going On this site Visit our YouTube channels: Bloomberg Podcasts: Bloomberg Television: Bloomberg Originals: Quicktake: