Overview

• China’s commerce ministry accused the U.S. of double standards, said it does not seek a trade war, and warned of decisive countermeasures after the latest tariff threat.
• Beijing expanded licensing for technologies and equipment tied to rare‑earth mining and processing, framed the rules as legal and security‑driven, and said civilian applications would still be approved.
• President Donald Trump announced an additional 100% tariff on Chinese imports to take effect by November 1, flagged curbs on exports of “critical software,” and questioned a planned meeting with Xi Jinping before later saying it was not canceled but uncertain.
• China’s transport ministry will impose fees on U.S.-linked ships calling at Chinese ports starting Tuesday, with reciprocal charges on Chinese vessels in U.S. ports set to begin on October 14.
• Markets turned lower as analysts warned of fresh supply‑chain risks, with rare‑earth dependence in sectors from EVs to defense heightening concern about global manufacturing disruptions.