Washington D.C.: U.S. President Donald Trump has announced a new tariff measure, imposing 100% duties on Chinese imports. The increased tariffs will take effect from November 1. Previously, Trump had already levied 30% tariffs on Chinese goods, making this additional imposition notable. Combined, tariffs on certain Chinese products could reach nearly 130%.
The move comes in response to China’s recent tightening of export restrictions on rare earth minerals, which are critical for electronics, electric vehicles, and defense systems. China’s dominant position in these essential minerals drew strong criticism from Trump.
TRUMP SAYS HE WILL IMPOSE AN ADDITIONAL 100% TARIFFS ON CHINA EFFECTIVE NOV 1$SPY 549.4 [-0.54% AH]$QQQ 585.3 [-0.71% AH]
Hedges for a reason. pic.twitter.com/KRhfsPwSfy
— Sam Badawi (@samsolid57) October 10, 2025
The announcement has sent shockwaves through global markets, with American stock indices plummeting amid fears of a renewed trade war. Economic experts warn that this escalation could adversely affect global growth, intensify inflationary pressures, and disrupt supply chains.
Trump is known for using tariffs as a strategic bargaining tool in trade negotiations. The unfolding situation will test how China responds to this latest move and whether the trade dispute intensifies further.