October 11, 2025
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4:10Now PlayingTrump Slaps 100% Tariffs On China After Xi's Rare-Earth Move, Cancels Meet As Trade War Escalates?
U.S. President Donald Trump announced that he’s placing an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession.
The president said on his social media site that he is imposing these new tariffs because of export controls placed on rare earth elements by China. The new tariffs built on an earlier post on Truth Social in which Trump said that “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea.
#trump #china #tariffs #economy #trade #tradewar #us #china #usvschina #xijinping #xi #donaldtrump #rareearth #semiconductors #usnews
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