Trump threatens new 100% tariff on Chinese imports starting 1 November or sooner

Published on 11/10/2025 - 7:49 GMT+2

US President Donald Trump has threatened to enforce an further 100% tariff connected Chinese imports starting connected 1 November aliases sooner, perchance escalating rates aft months of a waste and acquisition truce betwixt nan 2 countries.

In a station connected Truth Social, Trump besides said his management "will enforce export controls connected immoderate and each captious software."

Trump expressed vexation pinch China aft it placed caller export controls connected uncommon world elements, which are needed successful a wide scope of products, from pitchy engines, radar systems and electrical vehicles to user electronics including laptops and phones.

Trump called nan move "extremely hostile" and suggested he whitethorn telephone disconnected a gathering scheduled pinch Chinese leader Xi Jinping later this period successful South Korea. He said connected societal media that "there seems to beryllium nary reason" to meet pinch Xi.

He later told reporters that while he had not cancelled his meeting, he doesn't "know that we're going to person it," adding that "I'm going to beryllium location regardless, truthful I would presume we mightiness person it."

Trump besides suggested location whitethorn beryllium clip to ratchet down his steep caller tariff threat. “We’re going to person to spot what happens. That’s why I made it 1 November,” he said.

China's caller restrictions

China accounts for astir 70% of nan world’s uncommon earths mining. It besides controls astir 90% of world uncommon earths processing. Access to specified materials is simply a cardinal constituent of contention successful waste and acquisition talks betwixt Washington and Beijing.

The exports controls announced connected Thursday require overseas companies to get typical support for shipping nan metallic elements abroad.

It besides announced permitting requirements connected exports of technologies utilized successful nan mining, smelting and recycling of uncommon earths, adding that immoderate export requests for products utilized successful subject equipment would beryllium rejected.

Trump said China is holding nan world "captive" by restricting entree to nan metals and magnets utilized successful electronics, machine chips, lasers, pitchy engines and different technologies.

The S&P 500 tumbled 2.7% connected worries astir nan rising tensions betwixt nan world’s largest economies. It was nan market’s worst time since April erstwhile nan president past bandied astir import taxes this high. Still, nan banal marketplace closed earlier nan president spelled retired nan position of his threat.

Not only could nan world waste and acquisition warfare instigated by Trump beryllium rekindled, but import taxes being heaped connected apical of nan 30% already being levied connected Chinese equipment could, by nan administration’s past statements, origin waste and acquisition to break down betwixt nan US and China successful ways that could origin maturation worldwide to slump.

While Trump's wording was definitive, he is besides famously known for backing down from threats. Earlier this year, immoderate investors began engaging successful what nan Financial Times called nan “TACO” trade, which stands for “Trump Always Chickens Out.”

The United States and China person been huddled together for advantage successful waste and acquisition talks, aft nan import taxes announced earlier this twelvemonth triggered nan waste and acquisition war.

Both countries agreed to ratchet down tariffs aft negotiations successful Switzerland and nan United Kingdom, yet tensions stay arsenic China has continued to restrict America's entree to nan difficult-to-mine uncommon earths needed for a wide array of US technologies.