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1h ago

China Denounces U.S. Plan for 100% Additional Tariff as Rare‑Earth Dispute Deepens

Beijing condemned the tariff threat as "double standards," defending its rare‑earth export controls and warning of countermeasures.

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US President Donald Trump and his Chinese counterpart Xi Jinping (File Photo: Reuters)
A worker waters the site of a rare earth metals mine at Nancheng county, Jiangxi province January 16, 2011. REUTERS/Stringer/File Photo
Ships are berthed at the container terminal of the port in Qingdao, in China's eastern Shandong province on October 9, 2025.

Overview

  • President Donald Trump announced an additional 100% tariff on Chinese imports, effective November 1 unless reversed, and signaled new U.S. export controls on "any and all critical software."
  • China’s Commerce Ministry defended expanded rare‑earth curbs that tighten licensing and cover products with as little as 0.1% China‑sourced content by value, calling the measures legitimate.
  • Beijing warned it would take corresponding actions if Washington proceeds but has not introduced immediate across‑the‑board retaliatory tariffs.
  • Financial markets sold off after the U.S. announcement, with the Dow down 876 points, the S&P 500 off 2.7%, and the Nasdaq falling 3.6% as tech and chip stocks led declines.
  • The escalation places planned diplomacy in doubt, with Trump suggesting there may be no reason to meet Xi Jinping at the upcoming APEC gathering in South Korea.