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3h ago

China Vows to 'Fight to the End' as U.S. 100% Tariffs Loom

Beijing also keeps the door open to talks despite its new rare‑earth technology controls.

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Vue aérienne de conteneurs au port de Shanghai, le 13 octobre 2025
Vue aérienne d'un navire en construction dans un chantier naval le long du fleuve Yangtze à Yangzhou, dans la province du Jiangsu, à l'est de la Chine, le 14 octobre 2025
Vue aérienne de camions et de conteneurs au port de Shanghai, le 13 octobre 2025 en Chine

Overview

  • President Donald Trump said the U.S. will add 100% duties on Chinese goods from November 1 or earlier and will restrict exports of "all strategic software" to China.
  • China's Commerce Ministry warned it would fight if necessary while stating it remains willing to negotiate.
  • Asian equities sank following the escalation, then European indexes and Wall Street rebounded on Trump's more conciliatory remarks.
  • Official customs data showed China’s September exports up 8.3% year over year and imports up 7.4%, signaling resilience even as trade tensions deepen.
  • The proposed U.S. surtax would layer on top of roughly 30% tariffs already in force, with officials hinting a late‑October leaders' meeting in South Korea could offer a de‑escalation path.