Table of Contents
- China's Retaliation
- Trump's Response
- New Export Controls
- Impact on Markets
- Prospect of Meeting with Xi
CHINA has issued a warning indicating it will respond with its own “countermeasures” following Donald Trump’s imposition of an additional 100 percent tariffs – marking a significant escalation in the ongoing trade war.
The US president downplayed the situation, assuring that everything “will be fine” despite Beijing’s recent threats.
Trump asserted that everything ‘will be fine’ in light of China’s recent trade threats.
This follows Xi Jinping’s announcement of extensive rare earth trade measures from China.
China has labeled the US President’s latest action as a “typical example of US double standards” and stated that it will not hesitate to retaliate.
In response to Beijing’s latest fearmongering, Trump stated on Truth Social: “Don’t worry about China, it will all be fine!”
“Highly respected President Xi just had a bad moment. He doesn’t want depression for his country, and neither do I,” he added.
He continued: “The U.S.A. wants to assist China, not harm it!!!”
While traveling to Israel on Sunday, Trump told reporters: “I believe we’re going to be fine with China.”
Regarding Xi Jinping, he commented: “He’s a very tough and intelligent man, a great leader for their country, and I have a wonderful relationship with him – I think we’ll come to an agreement.”
Trump imposed hefty tariffs on Xi’s nation after the Chinese government unveiled extensive rare earth export controls.
The outraged Trump accused China of adopting an “extraordinarily aggressive position” on trade, condemning Beijing’s decision as a “moral disgrace.”
The American leader announced that he would also implement export controls on any critical software destined for China.
Trump stated: “Beginning November 1st, 2025 (or sooner, depending on any further actions or changes by China), the United States of America will impose a 100% Tariff on China.”
He added: “Also on November 1st, we will enforce Export Controls on all critical software.”
This announcement follows China’s declaration of dramatic new measures on Thursday, which tighten export controls on rare earths and other essential materials necessary for advanced technology.
China currently controls about 70 percent of the global rare earth mineral supply.
Moreover, Beijing manages 90 percent of rare earth processing, providing China significant leverage over the high-tech supply chain.
These vital components are used in everyday technology items such as solar panels and smartphones, as well as advanced devices like missile systems and night vision goggles.
Trump's surprising announcement on Friday unsettled the markets, with the S&P 500 share index closing down 2.7 percent – its sharpest decline since April.
His comments also jeopardized the possibility of a meeting with Xi in South Korea, which was anticipated to occur during a summit later this month.
However, the US president later softened his stance on social media, telling reporters that he remained open to meeting with China’s leader.
The US President expressed confidence that he will reach an agreement with China.
Frequently Asked Questions
What are China's countermeasures against US tariffs?
China has warned it will retaliate with its own countermeasures, although specific details have yet to be disclosed.
How did Trump respond to China's threats?
Trump reassured that everything “will be fine” and expressed his desire to assist China rather than harm it.
What are the implications of the new export controls?
Eze Chidiebere Paul
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