Trump Threatens New 100% Tariff on Chinese Imports
2 min read
Announcement raises concerns of renewed trade tensions and economic fallout.
Former U.S. President Donald Trump announced on Friday that he plans to impose a 100% tariff on imports from China beginning November 1, 2025, or possibly sooner. This move marks a dramatic escalation in the ongoing trade tensions between the world’s two largest economies.
Trump made the announcement on his social media platform, citing China’s export controls on rare earth elements as the key reason behind the decision.
No Confirmed Meeting With Xi Jinping
The announcement followed an earlier post in which Trump said there was “no reason” to meet with Chinese President Xi Jinping during an upcoming trip to Asia. Although the meeting has not been officially canceled, Trump signaled that it may not happen during the trip to South Korea.
The trip is expected to include stops in Malaysia for the ASEAN Summit, Japan, and South Korea, where a meeting with Xi was initially planned ahead of the Asia-Pacific Economic Cooperation Summit.
Market Concerns Rise
The announcement immediately triggered concerns among investors and global markets, as similar tariff threats earlier this year fueled fears of a potential global recession.
Trump’s trade strategy has historically included bold statements, some of which he has walked back. As a result, some investors are engaging in what Financial Times has dubbed the “TACO” trade short for “Trump Always Chickens Out.”
A Familiar Trade War Scenario
A 100% tariff would double the cost of Chinese goods entering the U.S., potentially straining global supply chains and impacting consumers. This move echoes the trade war during Trump’s first term, when tariffs on hundreds of billions of dollars of Chinese goods led to market volatility and diplomatic tensions.
Global Repercussions Expected
Experts say this latest announcement could unsettle global markets and deepen uncertainty in international trade relations. It may also pressure Beijing to respond with its own countermeasures, escalating the situation further.
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