In a stunning escalation of the ongoing US-China trade war, President Donald Trump has announced that his administration will impose a 100% tariff on all Chinese imports, effective November 1.
Trump made the declaration in a statement on Saturday, saying the move would be “over and above any tariff they are currently paying.” The decision marks one of the most aggressive economic actions yet against Beijing amid rising tensions over export controls on rare earth minerals — key components used in semiconductors, electric vehicles, and defense technologies.
“China has taken advantage of the United States for too long,” Trump said. “That ends now.”
The announcement has sent shockwaves through global markets, with analysts warning of potential supply chain disruptions and price hikes in key industries.
The Chinese government has yet to issue an official response, but early reports suggest that Beijing is preparing retaliatory measures that could further deepen the standoff between the world’s two largest economies.
Economists say this move could redefine global trade dynamics heading into 2026, with ripple effects likely to hit manufacturing, tech, and energy sectors worldwide.