Trump Announces 100% Tariffs on Chinese Goods Following Rare-Earth Export Controls

Oct 11, 2025 01:07 pm CST

US President Donald Trump has announced a 100% tariff on all Chinese goods starting November 1, following Beijing's export controls on rare-earth minerals. This major trade war escalation has already impacted global markets, with the Dow falling nearly 900 points as Washington and Beijing head toward another high-stakes confrontation that could reshape global trade patterns.