President Donald Trump's announcement of a 100% tariff on all Chinese importa

🚨 BREAKING: Trump Slaps 100% Tariff on China Imports, Targets Critical Software Exports 🇺🇸🇨🇳

In a bold escalation of the U.S.-China trade war, President Trump announced a 100% tariff on ALL Chinese imports, effective Nov 1, 2025, via Truth Social. This comes "over and above" the existing 30% base tariff. He also imposed export controls on "any and all critical software" from the U.S. 📉

Why?China tightened export controls on rare earth minerals—key for tech, semiconductors, and defense—requiring licenses for even trace amounts. China produces ~90% of global rare earths. Trump called this move a "moral disgrace" and "unheard of in international trade." 😡

Market Reaction: Stocks tanked Friday—Dow -1.9%, S&P 500 -2.71%, Nasdaq -3.56%. Tech hit hard:

Nvidia: $183.16, down ~5%

Tesla: $413.49, down ~5%

Context: This follows a fragile 2025 trade truce, with U.S. tariffs cut from 145% to 30% and China’s to 10%. China’s new restrictions, effective Dec 2025, target global industries. Trump hinted at walking back tariffs and may still meet Xi Jinping at the APEC summit. 🤝?

What’s Next? Markets brace for inflation and supply chain chaos. Will negotiations cool tensions, or is this mutually assured disruption? 🧵 #TradeWar #USChina #Economy

image credit : The Guardian