Overview

• President Donald Trump reiterated the threat of an additional 100% tariff on Chinese goods, calling it unsustainable for the U.S. economy yet saying Beijing had forced the option.
• He said tariff reductions would be considered if China eased its stance on rare earths, resumed prior volumes of U.S. soy purchases, and curbed fentanyl trafficking.
• Trump earlier set a timeline of November 1 or sooner for the extra tariffs and announced new export controls on software targeting China, with possible curbs on aircraft parts.
• China’s Ministry of Commerce on October 9 issued rules tightening controls on exports of rare earths and related technologies.
• Chinese Foreign Ministry spokesperson Go Jiakun urged resolving disputes through equal, mutually beneficial dialogue, and Trump flagged a meeting with Xi Jinping at the upcoming APEC summit in the Republic of Korea.