Donald Trump announces additional 100pc tariff on China, heightening trade war tensions

Contributing sentiments towards policy:

62% : But companies must now navigate the rapidly changing trade environment and the threat from Trump of even more escalation.
53% : "We're also talking within the White House about domestic uses for soybeans.' Rare earth materials have been at the centre of trade brinkmanship between Washington and Beijing.
50% : "It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them," Trump said in a social media post.
50% : But Trump acknowledged Friday that he could retreat from his massive tariff escalation if the Chinese backed down from threatened restrictions on rare earths, while saying that it was still possible that he could meet Xi later this month.
50% : "That's why I made it Nov 1," Trump said.
50% : Markets recoiled after Trump teased at the move earlier Friday in a social media post, with US stocks suffering their worst selloff in six months.
50% : In the Oval Office, Trump teased that he could add export restrictions on airplanes and airplane parts.
50% : Officials from both sides agreed to a truce in the spring, under which Trump lowered duties and Xi's officials agreed to resume the flow of the minerals.
50% : "Our relationship with China over the past six months has been a very good one, thereby making this move on Trade an even more surprising one," Trump said in his initial Truth Social post.
50% : " Trump claimed that he'd heard from other global trading partners who he said had received similar letters and were "extremely angry at this great Trade hostility" from China.
50% : "The Chinese letters were especially inappropriate in that this was the Day that, after three thousand years of bedlam and fighting, there is PEACE IN THE MIDDLE EAST," Trump wrote.
47% : The gambit will revive fears of a global disruption in trade that could see the world's two largest economies effectively cut off ties, and dramatically raises the stakes for Trump and Xi as they navigate high-stake trade negotiations.
47% : After Trump hiked tariffs on Chinese imports earlier this year, China's government responded by cutting off mineral exports to US companies.

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