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Trump’s 100% Tariff Threat on Chinese Imports Sparks Market Turmoil

Trump’s 100% Tariff Threat on Chinese Imports Sparks Market Turmoil

Author:

Global Cryptocurrency

Published:

2025-10-11 01:19:02

10

1

BTCCSquare news:

President Donald TRUMP escalated trade war fears by announcing a 100% tariff on Chinese imports and new export controls on critical software, effective November 1. The move retaliates against China's restrictions on rare earth elements—vital for high-tech and defense sectors.

Markets reacted sharply, with the S&P 500 Index posting its worst day since April. Trump framed China's actions as 'extraordinarily aggressive,' citing a 'hostile letter' outlining broader export controls. The tariffs could push duties on Chinese goods to 130%, reigniting tensions between the world's top economies.

By:

Johnson & Johnson Stock (JNJ) Poised for Growth Amid Strategic Shift

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