Overview

• Trump said the 100% tariff will take effect on November 1, 2025, on top of existing duties on Chinese imports.
• He announced U.S. export controls on all “critically important” software beginning the same date.
• China days earlier tightened export rules for rare-earth materials, requiring licenses when their value equals at least 0.1% of a product.
• The Chinese measures also cover technologies for extraction, smelting and separation and restrict supplies to foreign defense firms.
• Trump indicated he will likely forgo a planned APEC meeting with Xi and said the U.S. may impose controls on Boeing aircraft parts.