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Trump 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.
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Las Vegas Sun broke the news in Las Vegas, United States on Friday, October 10, 2025.
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