"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 1st, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them. This affects ALL Countries, without exception, and was obviously a plan devised by them years ago."
"Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying."
China tightened rules on rare earth minerals, requiring exporters to obtain government licenses. China announced large-scale export controls on virtually every product, effective November 1, 2025, affecting all countries without exception. The United States announced a 100% tariff on goods from China, over and above existing tariffs, effective November 1, 2025, and announced export controls on all critical software. The U.S. called China's planned export controls unprecedented and a moral disgrace. Earlier threats to raise tariffs triggered a market sell-off, with the Dow down 876 points (1.9 percent) and the S&P 500 down 2.7 percent.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]