US President Donald Trump threatened new round of tariffs.

President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled.

Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy.

The President said: “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 per cent on China, over and above any Tariff that they are currently paying.”

The move has spiked fears that echo concerns in the fall out of Trump’s ‘Liberation Day’ levies in April, where investors feared a recession was on the horizon.

Earli

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