**Trump Announces 100% Tariff on China Starting November 1** President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from China, effective November 1, 2025. This decision follows China's recent announcement of export controls on rare earth minerals, which are essential for various industries, including technology and defense. In a post on Truth Social, Trump stated, "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." He also mentioned that the U.S. would implement export controls on critical software on the same date. Trump criticized China's trade practices, claiming they have taken an "extremely aggressive" stance. He referred to a letter sent by China to the world, indicating their plans for large-scale export controls on numerous products. "This affects ALL Countries, without exception, and was obviously a plan devised by them years ago," he wrote. The announcement came shortly after Trump warned of potential new tariffs, citing China's intentions to impose export controls on rare earth minerals. He expressed concern over China's increasing hostility, stating, "Some very strange things are happening in China! They are becoming very hostile." The news of the tariffs caused a significant reaction in global markets, with the S&P 500 index dropping more than 2%, marking its largest one-day decline since April. This decline reflects investor anxiety over the potential for renewed trade tensions between the U.S. and China. China has been a dominant player in the rare earth market, supplying over 90% of the world’s processed rare earths. The country recently expanded its export controls on these critical minerals, further escalating trade tensions. Trump's announcement also raised questions about his upcoming meeting with Chinese President Xi Jinping at an international economic conference in South Korea. While he has not canceled the meeting, he expressed uncertainty about its occurrence, stating, "I don’t know that we’re going to have it. But I’m going to be there regardless, so I would assume we might have it." The U.S. has previously imposed tariffs on Chinese goods, with rates peaking at 145% during the height of the trade war. Currently, Chinese goods face a base tariff rate of 30%. Trump has used tariffs as a key component of his trade policy, targeting both allies and adversaries, particularly China. As tensions rise, the potential for further retaliatory measures looms, with both countries having previously engaged in a series of escalating trade barriers. The situation remains fluid, and the implications for global trade and markets are significant as both nations navigate this renewed conflict.