Dow crashes as Trump accuses China of 'hostile' stance; investors lose $1.5 trillion, duty raised to 130% post-closing bell

Contributing sentiments towards policy:

51% : Also Read: Tariff War Far From Over: Trump slaps 100% additional duty on China from Nov 1 or sooner Trump announces 100% tariffs, export controls after market hours After markets closed, Trump released another statement on Truth Social formally announcing a 100 per cent tariff on Chinese goods and export controls on critical software, effective November 1, 2025, bringing the total duty imposed on Beijing to 130 per cent.
50% : During trading hours, Trump took to Truth Social to allege that Beijing had sent letters to several countries announcing new export controls on rare earth elements and other key materials.
50% : Trump said the United States and its partners were caught off guard despite "good relations" with China over the past six months.
50% : Also on November 1, we will impose export controls on any and all critical software," Trump stated.
47% : " China, which dominates global processing of rare earths used in smartphones, electric vehicles, and defence equipment, expanded its export restrictions earlier this week to include five additional minerals--holmium, erbium, thulium, europium, and ytterbium--bringing the total to 12 out of 17 rare earth types now under control.
43% : Also Read: Trump accuses China of 'trade hostility'; another major tariff in making? $1.5 trillion wiped out from US markets By the end of the session, Wall Street had logged its sharpest losses in months.
39% : Export licences will be mandatory not just for these materials but also for technologies related to mining, smelting, and magnet production, raising fears of fresh disruptions in global supply chains and high-tech manufacturing.
34% : The announcement came after Trump accused China of taking an "extraordinarily aggressive position on trade" by sending what he described as "an extremely hostile letter to the world.

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