The president\u2019s announcement sent shockwaves through global stock markets<\/p>\n
President Donald Trump has announced that the US will impose 100% tariffs on Chinese goods beginning November 1, 2025, in response to what he described as Beijing\u2019s \u201cextraordinarily aggressive\u201d new trade restrictions.
\nOn Thursday, Beijing\u00a0announced\u00a0new export controls of certain strategic minerals that have dual-use in military applications, saying the move was intended to protect national security and meet international obligations, including those related to non-proliferation.
\nIn a post on Truth Social on Friday, Trump said China has taken \u201can extremely hostile position on trade\u201d by sending a global letter declaring plans to implement \u201clarge scale export controls on virtually every product they make, and some not even made by them.\u201d The measures, according to the president, would affect all countries \u201cwithout exception.\u201d
\n\u201cBased on the fact that China has taken this unprecedented position\u2026 the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying,\u201d Trump wrote. He added that Washington would also impose export controls on \u201cany and all critical software\u201d starting the same day.
\nIn August, the US and China agreed to extend a tariff truce following a trade war in which the two nations repeatedly slapped increasingly harsher tariffs on each other. The 90-day pause has seen US tariffs on Chinese goods fall from 145% to 30%, and Chinese tariffs on American products drop from 125% to 10%. The extension expires in November.<\/p>\n
Trump described China\u2019s move as \u201cabsolutely unheard of in international trade\u201d and \u201ca moral disgrace in dealing with other nations.\u201d He said he is speaking\u00a0\u201conly for the U.S.A., and not other nations who were similarly threatened.\u201d
\nThe president\u2019s announcement sent shockwaves through global markets, sending US stocks down on Friday. The S&P 500 slid 2.7%, marking its biggest one-day loss since April, while the Dow Jones Industrial Average dropped nearly 900 points, or 1.9%. The tech-heavy Nasdaq plunged 3.6% as investors fled high-growth stocks seen as most exposed to Chinese supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"
The president\u2019s announcement sent shockwaves through global stock markets President Donald Trump has announced that the US will impose 100% tariffs on Chinese goods beginning November 1, 2025, in response…<\/p>\n","protected":false},"author":1,"featured_media":20121,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-20120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t