President Trump on Friday announced a sweeping 100% tariff on Chinese goods, escalating a high-stakes standoff over China’s new restrictions on rare earth minerals vital.
President Trump on Friday announced a sweeping 100% tariff on Chinese goods, escalating a high-stakes standoff over China’s new restrictions on rare earth minerals vital to global technology and manufacturing. The levy will take effect no later than Nov. 1, Trump posted on Truth Social, and will replace existing tariffs applied to Chinese goods. He made the announcement soon after the markets had closed; shares plunged after Trump had threatened higher tariffs earlier in the day.
