Trump Announces 100% Tariffs on Chinese Goods Amid Escalating Trade Tensions

President Donald Trump has declared that the United States will impose 100% tariffs on Chinese goods starting November 1, 2025. The decision comes in response to what Trump called China’s “extraordinarily aggressive” new trade restrictions.

Beijing, on Thursday, introduced new export controls targeting specific strategic minerals that have dual-use in military applications. Chinese authorities stated that the move aims to safeguard national security and fulfill international obligations, including those related to non-proliferation.

In a post on Truth Social Friday, Trump accused China of adopting “an extremely hostile position on trade,” referencing a global letter from Beijing that reportedly outlined intentions to impose “large scale export controls on virtually every product they make, and some not even made by them.” According to Trump, these measures are set to impact all countries “without exception.”

“Given China’s unprecedented stance... the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying,” Trump wrote. He further stated that the U.S. would enforce export controls on “any and all critical software” beginning the same day.

This announcement follows a previously agreed tariff truce between the U.S. and China in August, which temporarily paused an ongoing trade war marked by escalating tariffs. During the 90-day pause, U.S. tariffs on Chinese imports were reduced from 145% to 30%, while Chinese duties on American goods dropped from 125% to 10%. The truce is set to expire in November.

Trump sharply criticized China’s recent actions, describing them as “absolutely unheard of in international trade” and “a moral disgrace in dealing with other nations.” He clarified that he was speaking “only for the U.S.A., and not other nations who were similarly threatened.”

The announcement rattled global financial markets. On Friday, the S&P 500 dropped 2.7%, marking its steepest single-day decline since April. The Dow Jones Industrial Average plummeted nearly 900 points, or 1.9%, while the tech-heavy Nasdaq fell 3.6% as investors pulled out of high-growth stocks heavily reliant on Chinese supply chains.