Trump adds 100% tariffs on China and imposes significant controls on software exports

president Donald Trump She said on Friday that the United States would impose New definitions 100% on imports from China “on top of whatever tariff they currently pay” starting November 1.

Trump also said that the United States, on the same date, would also impose export controls on “any and all critical software.”

The president’s announcement came hours after he threatened to impose a “massive increase” in tariffs on Chinese imports in response to new controls imposed by China on exports of basic goods. Rare earths Minerals of that nation.

The kneesD 70% of the global supply of rare earth metals Comes from China. The minerals are essential for high-tech industries, including automobiles, defense and semiconductors.

Trump suggested earlier Friday that he would cancel a meeting with Chinese President Xi Jinping in the coming period Asia-Pacific Economic Cooperation Summit in South Korea due to new controls imposed by China.

Almost every product imported into the United States from China already faces steep tariffs. While there are different levels of specific tariffs on imports, ranging from 50% on steel and aluminium, to 7.5% on consumer goods, the so-called effective tariff rate on Chinese imports currently stands at 40%, according to Wells Fargo Economics and analysts at the Federal Reserve Bank of New York.

“We just learned that China has taken an extraordinarily aggressive stance on trade by sending a very hostile letter to the world stating that, effective November 1, 2025, they will impose broad export controls on almost every product they make, and some they don’t even make,” Trump tweeted. Social function of truth Friday.

“This affects all countries, without exception, and is clearly a plan these countries conceived years ago,” Trump wrote. “It is completely unheard of in international trade, and is a moral disgrace in dealing with other countries.”

“Based on the fact that China has taken this unprecedented position, and speaking only on behalf of the United States, and not other countries under a similar threat, starting on November 1, 2025 (or earlier, depending on any other actions or changes China takes), the United States of America will impose a 100% tariff on China, in addition to any tariff it currently pays,” he wrote.

“Also on November 1, we will impose export controls on any and all critical software.”

Chinese Ministry of Commerce He said Thursday that starting Dec. 1, foreign entities must obtain a license to export products containing more than 0.1% rare earth elements originating from that country, or made using Chinese extraction, refining, magnet-making or recycling technology.