Trump Announces 100% Tariffs on China

“President Trump announced Friday he will raise tariffs on China in response to a move from Beijing to tighten its control over certain critical minerals and rare earth elements,” The Hill reports.

“Trump announced on Truth Social that he would impose a tariff of 100 percent on Chinese goods beginning Nov. 1 or sooner. Those tariffs will supersede existing duties already in place on Chinese goods.”

Said Trump: “It is impossible to believe that China would have taken such an action, but they have, and the rest is History.”

Wall Street Journal: “The renewed conflict shows that despite months of a tariff truce and repeated meetings between Chinese officials and Trump’s team, relations between the world’s two largest economies remain volatile and can erupt into crisis with little warning.”