Move comes after China expanded export controls on rare earth minerals
President Donald Trump took to Truth Social Friday to declare the U.S. Will impose an additional 100% tariff on imports from China starting in November.
The declaration was made hours after a separate post from Trump, wherein he warned of possible new tariffs and recommended canceling a meeting with Chinese President Xi Jinping, stating Beijing was planning sweeping export controls on rare earth minerals.
“Starting November 1st, 2025 (or sooner, depending on any further actions or adjustments taken by China), the US will impose a Tariff of 100% on China, over and above any Tariff that they are recently paying,” Trump published to Truth Social Friday afternoon.
Stocks drop as US-China Trade War Reignites After Trump Threatens Tariff hike
“Also on 1st November, we will able to impose Export Controls on any and all crucial software program.”
In the Truth Social post, Trump argued that China has taken an “extraordinarily aggressive” stance on worldwide trade.
Trump Threatens ‘Huge’ Tariff rise On China Amid Dispute Over Rare Earth Minerals
“It has simply been found out that China has taken an extremely aggressive position on Trade in sending an extremely antagonistic letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on definitely each product they make, and a few not even made by them,” Trump stated.
“This impacts all Countries, without exception, and become clearly a plan created through them years ago. It is completely a unheard of in International Trade, and a ethical disgrace in dealing with other countries.”
The statement got here just hours after Trump warned of the possibility of fresh tariffs, claiming China have been telling other nations it desires to impose export controls on rare earth minerals, that are important components for advanced technologies ranging from semiconductors to smartphones.
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“Some very unusual things are going in China!” Trump published earlier Friday. “They are becoming very opposed, and sending letters to nations across the World, that they want to impose Export Controls on each and every element of manufacturing having to do with Rare Earths, and virtually anything else they are able to think of, even supposing it’s no longer produced in China.”
The escalation jolted worldwide markets on Friday, sending the S&P 500 down more than 2%, its steepest one-day drop since that April.
On Thursday, China expanded its export controls on rare earth factors. The nation supplies over 90% of the world’s processed rare earths and rare earth magnets, according to Reuters.
