For thousands of manufacturers across China, it’s déjà vu—with implications for the country’s fragile economy.Earlier this year, after President Trump raised tariffs on Chinese goods to 145% in April,

China did not back down Monday in a back-and-forth with the U.S. over trade, calling for U.S. President Donald Trump to withdraw his latest threat of a 100% tariff and other export control measures an...

But on Sunday afternoon, Trump appeared to hint that he may not follow through with his tariff threat, posting on Truth Social that “it will all be fine!”

“We should not miss the fundamental point on rare earths: China has crafted a policy that gives it the power to forbid any country on Earth from participating in the modern economy,” Dean Ball, who served as a senior advisor in the White House Office of Science and Technology Policy earlier this year, wrote on X on Saturday.

China signaled Sunday that it would not back down in the face of a 100% tariff threat from President Donald Trump, urging the U.S. to resolve differences through negotiations instead of threats.

Despite ongoing trade talks between Washington and Beijing, trade tensions re-escalated Thursday after China ramped up export restrictions on critical rare earth minerals.