Trump Escalates Trade Tensions with China, Promises Steep New Tariffs

Donald Trump reignited trade tensions with China by proposing a 100% tariff on U.S.-bound exports and new export controls, escalating the ongoing economic conflict.

On Friday, Donald Trump announced plans to impose a 100% tariff on all U.S.-bound exports from China, marking a significant escalation in trade hostilities.
The new tariffs come as a direct response to China restricting exports of rare-earth elements, critical for various high-tech industries in the United States.
As part of the new measures, the United States will implement export controls on any and all critical software by November 1, just days before existing tariff relief expires.

Why It Matters

This escalation in trade tensions between the United States and China could disrupt global supply chains, impact technology sectors reliant on rare-earth elements, and further strain diplomatic relations between Donald Trump and Xi Jinping.