![]() |
File photo of America's President Donald Trump |
Awarenessinfohub has gathered that US President Donald Trump has reignited tensions with Beijing, announcing a fresh round of 100% tariffs on Chinese goods, marking a new phase in the long-running US-China trade war. The tariffs, which will be imposed on top of the existing 30% tariffs, are set to take effect on November 1, 2025, or sooner, depending on any further actions taken by China.
The president's decision is in response to China's recent decision to place export controls on its critical rare earths, which are essential for manufacturing electronics, clean energy technologies, and the defense industry. China holds the largest reserve of rare earths, and the export controls are seen as a move to safeguard national security and interests.
Trump described China's measure as "extraordinarily aggressive" and "extremely hostile," adding that it is "absolutely unheard of in international trade, and a moral disgrace in dealing with other nations." In a post on Truth Social, Trump stated, "Based on the fact that China has taken this unprecedented position... the United States of America will impose a tariff of 100% on China, over and above any tariff that they are currently paying."
The new tariffs will apply to a wide range of Chinese goods, including electronics, machinery, home goods, and clothing. This move is expected to intensify economic tensions between the world's two largest economies and exacerbate ongoing uncertainties for global markets.
In addition to the tariffs, the US will also impose export controls on all critical software. This move is aimed at preventing sensitive American-made software from being used to boost China's military or industrial power.
The announcement has also cast doubt on the planned meeting between Trump and Chinese leader Xi Jinping, which was supposed to take place in South Korea later this month. Trump said he no longer sees a reason to meet, given China's "extraordinarily aggressive" stance on trade.
Key Points
100% tariffs on Chinese goods: The US will impose a 100% tariff on Chinese goods, over and above any tariff they are currently paying.
Export controls on critical software: The US will impose export controls on all critical software to prevent sensitive American-made software from being used to boost China's military or industrial power.
Escalation of trade war: The move marks a new phase in the long-running US-China trade war, with both countries trading accusations of unfair tactics.
Global market impact: The tariffs are expected to intensify economic tensions between the world's two largest economies and exacerbate ongoing uncertainties for global markets.
Do you find this news informative? If yes, kindly share it with your social media through the social media icons below:
0 Comments