Trade war reignites: Trump announces tech export limits, new 100% tariff on Chinese goods; impact from November 1 or sooner

Oct 12, 2025 - 17:00
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Trade war reignites: Trump announces tech export limits, new 100% tariff on Chinese goods; impact from November 1 or sooner
President Trump announced 100% tariffs on Chinese products starting November 1, citing China's "hostile" restrictions on rare earth mineral exports. He warned of a potential trade war escalation, impacting global markets. China stated the curbs are for national security, affecting industries reliant on these minerals.

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