00:00It's Benzinga, bringing Wall Street to Main Street.
00:03China declared Sunday that it is not afraid of a trade war with the United States
00:07after Trump threatened to impose 100% tariffs on Chinese imports.
00:11Beijing's Commerce Ministry accused Washington of a double standard
00:15and defended its new export controls on rare earths as legitimate under international law.
00:21The measures expand to include related technologies and intellectual property,
00:25requiring export licenses for products containing more than 0.1% of Chinese rare earths.
00:31The announcement came weeks before a potential meeting between Trump and Xi Jinping,
00:35which Trump later threatened to cancel.
00:38U.S. stocks plunged Friday, erasing $2 trillion in value after Trump's post about new tariffs.
00:44For all things money, visit Benzinga.com.
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