Overview

• The White House declared 100% additional tariffs on Chinese imports starting Nov. 1, and President Trump told followers there was no need to worry about the bilateral relationship.
• China tightened export controls on rare earths covering mining, processing and related technologies, a move that has previously disrupted U.S. manufacturing.
• Beijing announced further countermeasures by opening an antitrust investigation into Qualcomm and adding extra charges for U.S. ships at Chinese ports.
• U.S. Trade Representative leadership said decisive steps will follow if no path forward emerges in the coming days, while Trump’s stance on a late‑October meeting with Xi shifted from casting doubt to saying it will likely occur.
• Experts warned the tariff hike is likely to draw retaliation and risk a new tit‑for‑tat cycle hurting the global economy, and Japanese public broadcaster NHK reported China’s exports to the U.S. fell 27% year on year in September.