Tariff war reignites: Trump slaps 100% tariff on Chinese goods starting from November 1
PTC News Desk: The tariff war between the US and China has reignited after Donald Trump imposed an additional 100 per cent tariff on all Chinese imports and strict export controls on US-made critical software starting November 1.
The move is expected to escalate tensions between the world's two largest economies.
In a post on Truth Social, Trump accused Beijing of taking an extraordinarily aggressive position on trade and warned that the United States will respond in kind.
“Starting November 1st, 2025 — or sooner, depending on any further actions or changes taken by China — the United States of America will impose a tariff of 100% on China, over and above any tariff that they are currently paying,” Trump announced.
Trump made the announcement in response to what he described as China taking "an extraordinarily aggressive position on trade" by sending "an extremely hostile letter to the world."
"It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them. This affects ALL Countries, without exception, and was obviously a plan devised by them years ago. It is absolutely unheard of in International Trade, and a moral disgrace in dealing with other Nations," Trump said.
This comes in response to China's ramping up of restrictions on rare earth exports, expanding its control list, and extending curbs to cover production technologies and overseas applications, including those in the military and semiconductor sectors.
Earlier on Friday, Trump had that there was "no reason to meet" with Chinese President Xi Jinping after Beijing took "very hostile" steps by imposing sweeping new export controls on rare earth elements.
He had warned that the United States was preparing to respond with strong countermeasures, including a "massive increase of tariffs" on Chinese goods.
China, which dominates the global processing of rare earths used in everything from smartphones to fighter jets, has added five new elements --holmium, erbium, thulium, europium, and ytterbium --to its existing list of restricted minerals, bringing the total to 12 out of 17 types. Export licences will now be required not only for the elements themselves but also for technologies related to mining, smelting, and magnet production.
- PTC NEWS