"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's announced tariffs would raise import taxes on many Chinese goods to 130pc starting next month. That would be just below the 145pc level imposed earlier this year, before both countries ratcheted down the levies in a truce to advance trade talks. 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."
"Ahead of the planned Xi-Trump summit, both the US and China moved to potentially curb flows of technology and materials between the countries. In the most recent action, China slapped new port fees on US ships and started an antitrust investigation into Qualcomm Inc following fresh efforts to restrict the flow of rare-earth minerals needed to make numerous consumer products, including motors, semiconductors and fighter jets."
China signaled wide export controls effective November 1, 2025, prompting a sharp US response and a threat of steep tariffs raising duties to 130 percent. The US said tariffs could be withdrawn if China reverses threatened rare-earth restrictions, while leaving open a possible summit between leaders. Financial markets plunged after the tariff threat, with major US indexes and commodity futures falling. Both countries have taken reciprocal measures to curb flows of technology and strategic materials, including Chinese port fees on US ships and an antitrust probe tied to controls on rare-earth minerals.
Read at Irish Independent
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