Washington: Tension between the world’s top two economies escalated after US president Donald Trump declared that America will impose an additional 100% tariff on all imports from China from November 1, 2025, or earlier if Beijing adopts additional restrictive measures.
Trump explained that the new restrictions were needed to shield US interests following what he called an “extraordinarily aggressive” and “morally disgraceful” action by China. Beijing recently notified several countries of its intention to limit exports of rare earths and other key materials, which are vital to high-tech industries ranging from smartphones to defense systems. ADVERTISEMENT
“China has just taken an incredibly aggressive stance on trade. Beginning November 1st, the United States of America will be adding