US EditionHere's Why Trump Is Threatening 100% Tariff on China
The tariffs and export controls respond to China’s rare earth export restrictions, triggering a 3.6% Nasdaq drop and raising prices on many consumer goods, officials said.
- On Friday, President Donald Trump announced an additional 100% tariff on Chinese imports, effective November 1, reviving the trade war and ending an uneasy truce with Beijing.
- China this week announced expanded export controls on rare earth minerals, adding five new elements and refining technology, which Trump said prompted the U.S. response.
- Investors fled to gold and U.S. Treasury securities as tech stocks piled on losses, with the S&P 500 sliding more than 2% on Friday.
- American shoppers face higher prices and delayed shipments for electronics, clothing and pantry staples, while automobiles and electric vehicles could see sticker shock from Chinese-made components and rare earths.
- With the APEC summit in South Korea, Trump questioned meeting Xi as China imposed 10% retaliatory tariffs and Beijing retains rare earths market leverage, analysts say.
59 Articles
59 Articles
China slams US 'double standards' after Trump announces 100% tariff hike
US President Donald Trump unveiled a new 100% tariff on Chinese goods and threatened to cancel a meeting with Xi Jinping, escalating tensions just weeks after fresh export curbs reignited the trade dispute.
Because China is extremely limited in exports of rare earths, US President Donald Trump imposes punitive tariffs against imports from China. The trade war between the United States and the Middle Kingdom goes into another round. For decades, politics in the collective West has watched China seize economic power and make Western economies dependent on critical minerals and other raw materials from Chinese production. Now that the communist regime…
Trump announces 100% tariff on US imports from China
US President Donald Trump revived the trade war against China yesterday, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China curbing its critical mineral exports.
Coverage Details
Bias Distribution
- 78% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
