President Donald Trump introduced Friday he would implement 100% tariffs on China beginning subsequent month after earlier threatening to cancel his upcoming assembly with Chinese language President Xi Jinping.
In a social media submit, Trump mentioned the brand new tariffs would take impact Nov. 1.
Trump mentioned the transfer is available in response to China’s “terribly aggressive place on commerce” associated to export controls.
President Donald Trump, left, shakes palms with Chinese language President Xi Jinping throughout a gathering on the sidelines of the G-20 summit in Osaka, western Japan, June 29, 2019.
Susan Walsh/AP, Recordsdata
“It has simply been realized that China has taken a very aggressive place on Commerce in sending an especially hostile letter to the World, stating that they have been going to, efficient November 1st, 2025, impose giant scale Export Controls on nearly each product they make, and a few not even made by them,” Trump mentioned.
Along with the tariffs, Trump added that the U.S. would impose “Export Controls on any and all important software program.”
The social media submit got here after Trump threatened tariffs earlier within the day, triggering a inventory selloff. The Dow Jones Industrial Common tumbled 385 factors, or 0.8%. Whereas the S&P 500 fell 1.25% and the tech-heavy Nasdaq dropped 1.75%.
Trump’s announcement got here a day after China imposed new restrictions on rare-earth minerals, key supplies within the manufacturing of semiconductors used for the whole lot from synthetic intelligence to dwelling home equipment.
President Donald Trump walks on the South Garden after arriving on Marine One on the White Home, Oct. 10, 2025, in Washington.
Alex Brandon/AP
Trump kickstarted the feud in a social media submit earlier within the day the place he claimed China had despatched letters to international locations around the globe threatening to impose export controls on “each component of manufacturing having to do with Uncommon Earths.”
“There isn’t a means that China ought to be allowed to carry the World ‘captive,'” however that appears to have been their plan for fairly a while,” Trump mentioned.
In retaliation, Trump threatened a “huge improve” on tariffs on Chinese language merchandise coming into the US, although he mentioned the transfer could be “probably painful.”
Tariffs on Chinese language imports into the US at present stand at 30%, down from the excessive level of 145% earlier this 12 months.
Trump additionally threatened to cancel an upcoming assembly with Jinping.
“This was an actual shock, not solely to me, however to all of the Leaders of the Free World. I used to be to satisfy President Xi in two weeks, at APEC, in South Korea, however now there appears to be no cause to take action,” Trump mentioned in his earlier submit.
This comes because the commerce truce between the US and China remains to be in impact however set to run out in lower than a month.
