Trump Announces 130% Tariffs on Chinese Imports, Escalating Trade War
President Donald Trump announced on Friday that the United States will impose an additional 100% tariff on Chinese imports, effective November 1 or sooner.
This new levy will be added to the existing 30% tariffs, bringing the total tariff on Chinese goods to 130%.
The announcement comes amid heightened tensions over China’s recent export restrictions on rare earth minerals, which are vital for U.S. industries, particularly in technology and defense sectors.
In response, Trump also revealed plans to implement export controls on all critical software made in the U.S.
“I am taking strong measures to protect American industries and workers from unfair trade practices,” Trump said in a statement. He further hinted at the possible cancellation of a planned meeting with Chinese President Xi Jinping at the upcoming APEC summit in South Korea.
The immediate market reaction was severe, with the S&P 500 index falling 2.7% its worst single-day decline since April 2025. Analysts warn that the escalating trade tensions could have far-reaching consequences for global supply chains and economic stability.
The move is seen as the latest development in a series of trade confrontations between the world’s two largest economies, which have included tariffs, export controls, and technology restrictions over the past several years.
