US EditionTrump announces extra 100% tariff on China imports, adds export controls on ‘critical software’
- On Thursday, Beijing announced new export restrictions on strategic minerals to protect national security and meet non-proliferation obligations, prompting President Donald Trump to vow strong retaliation and threaten to cancel a planned meeting with Chinese President Xi Jinping at APEC.
- China's Commerce Ministry said the new curbs are intended to protect national security and meet non-proliferation obligations, covering rare earth elements mining, smelting, and magnetic material production.
- Based on the fact that China has taken this unprecedented position, Trump wrote on Truth Social that starting November 1st, 2025, the U.S. will impose a 100% tariff on China.
- Financial markets reacted sharply, with the S&P 500 closing 2.7% lower amid the prospect of renewed confrontation and announced U.S. tariff plans; earlier curbs caused disruption for American firms.
- The escalation threatens to derail planned trade discussions between Trump and Xi later this month, with China's rare earths dominance and the $84 billion to $418 billion US-China trade deficit raising global supply chain risks.
568 Articles
568 Articles
Can the Downward Spiral in U.S.-China Trade Be Stopped?
The United States and China are locked in another round of economic confrontation, with actions on both sides intensifying a dispute that has simmered for years. On October 10, President Donald Trump announced plans for an additional 100 percent tariff on Chinese imports, set to begin November 1, along with new export controls on critical software. This would push tariffs on some goods to 130 percent, ending a fragile truce reached in August. In…
Wall Street inhales as Trump plays 'tough guy' with China
President Donald Trump’s escalating trade war with China has stock pickers holding their breath, unsure if the president will wipe out months of steadily progressing trade negotiations between Washington and Beijing or cave on his recent aggressive posturing to appease financial markets. Since last week, the president has steadily ramped up his tariff threats against China in hopes of walking President Xi Jinping off of the increased export cont…
Donny Two Dolls Strikes Again!
Uh oh, this trade war sounds bad! Photo by camilo jimenez on UnsplashWell, well, well, sounds like the greatest dealmaker who ever lived still can’t make one with China and dig himself out of the tariff mess he singlehandedly made. Rare earth mineral exports DENIED! And now Donald Trump says starting November 1, he’s going to tax Chinese goods at 130 percent. If he doesn’t chicken out again, of course.You’ll recall Trump started with his tariffi…
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