Trump Threatens Tech Export Limits, New 100% Tariff On Chinese Imports - Beritaja

President Donald Trump speaks successful the Oval Office of the White House, Friday, Oct. 10, 2025, successful Washington, arsenic Virginia Gov. Glenn Youngkin, Centers for Medicare & Medicaid Services administrator Dr. Mehmet Oz and Health and Human Services Secretary Robert F. Kennedy Jr., listen. Alex Brandon/AP

Alex Brandon/AP

WASHINGTON — President Donald Trump connected Friday threatened to spot an further 100% taxation connected Chinese imports starting connected Nov. 1 aliases sooner, perchance escalating tariff rates adjacent to levels that successful April fanned fears of a world recession.

The president expressed vexation pinch caller export controls placed connected uncommon world elements by China — and said connected societal media that "there seems to beryllium nary reason" to meet pinch Chinese leader Xi Jinping arsenic portion of an upcoming travel to South Korea.

Trump later told reporters he had not canceled his meeting. "But I don't cognize that we're going to person it," he said during an Oval Office quality connected different subject. "I'm going to beryllium location regardless, truthful I would presume we mightiness person it."

Trump besides suggested location whitethorn beryllium clip to ratchet down his steep caller tariff threat. "We're going to person to spot what happens. That's why I made it Nov. 1," he said.

China's caller restrictions

On Thursday, the Chinese authorities restricted entree to uncommon world minerals, requiring overseas companies to get typical support for shipping the metallic elements abroad. It besides announced permitting requirements connected exports of technologies utilized successful the mining, smelting and recycling of uncommon earths, adding that immoderate export requests for products utilized successful subject equipment would beryllium rejected.

On societal media, Trump described the export controls arsenic "shocking" and "out of the blue." He said China is "becoming very hostile" and that it's holding the world "captive" by restricting entree to the metals and magnets utilized successful electronics, machine chips, lasers, pitchy engines and different technologies.

Trump said successful a station that "starting November 1st, 2025 (or sooner, depending connected immoderate further actions aliases changes taken by China), the United States of America will enforce a Tariff of 100% connected China, complete and supra immoderate Tariff that they are presently paying." The president besides said the U.S. authorities would respond to China by putting its ain export controls "on immoderate and each captious software" from American firms.

The Chinese Embassy successful Washington did not instantly respond to an Associated Press petition for comment.

Trump is known for utilizing threats arsenic a tactic

The S&P 500 tumbled 2.7% connected worries about the rising tensions betwixt the world's largest economies. It was the market's worst time since April erstwhile the president past bandied about import taxes this high. Still, the banal marketplace closed earlier the president spelled retired the position of his threat.

Not only could the world waste and acquisition warfare instigated by Trump beryllium rekindled, but import taxes being heaped connected apical of the 30% already being levied connected Chinese equipment could, by the administration's past statements, origin waste and acquisition to break down betwixt the U.S. and China successful ways that could origin maturation worldwide to slump.

While Trump's wording was definitive, he is besides famously known for backing down from threats. Earlier this year, immoderate investors began engaging successful what the Financial Times called the "TACO" trade, which stands for "Trump Always Chickens Out."

The imaginable of tariffs this ample could compound the president's ain governmental worries, perchance pushing up ostentation astatine a infinitesimal erstwhile the occupation marketplace appears vulnerable and the drags from a authorities shutdown are starting to compound pinch layoffs of national workers.

The United States and China person been huddled together for advantage successful waste and acquisition talks, aft the import taxes announced earlier this twelvemonth triggered the waste and acquisition war. Both countries agreed to ratchet down tariffs aft negotiations successful Switzerland and the United Kingdom, yet tensions stay arsenic China has continued to restrict America's entree to the difficult-to-mine uncommon earths needed for a wide array of U.S. technologies.

There is already a backlog of export licence applications from Beijing's erstwhile information of export controls connected uncommon world elements, and the latest announcements "add further complexity to the world proviso concatenation of uncommon world elements," the European Union Chamber of Commerce successful China said successful a statement.

There are different flashpoints successful the waste and acquisition relationship, including U.S. restrictions connected China's expertise to import precocious machine chips, income of American-grown soybeans and a bid of tit-for-tat larboard fees being levied by some countries starting connected Tuesday.

Analysts opportunity there's clip to de-escalate

Trump did not formally cancel the gathering pinch Xi, truthful overmuch arsenic indicating that it mightiness not hap arsenic portion of a travel astatine the extremity of the period successful Asia. The travel was scheduled to see a extremity successful Malaysia, which is hosting the Association of Southeast Asian Nations summit; a extremity successful Japan; and a sojourn to South Korea, wherever he was slated to meet pinch Xi up of the Asia-Pacific Economic Cooperation summit.

Sun Yun, head of the China programme astatine the Stimson Center, said Beijing's move was a guidance to U.S. sanctions of Chinese companies this week and the upcoming larboard fees targeting China-related vessels — but said there's room for de-escalation to support the leaders' gathering alive. "It is simply a disproportional reaction," Sun said. "Beijing feels that de-escalation will person to beryllium communal arsenic well. There is room for maneuver, particularly connected the implementation."

Gracelin Baskaran, head of the Critical Minerals Security Program astatine the Center for Strategic and International Studies successful Washington, D.C., said China holds leverage because it dominates the marketplace for uncommon earths pinch 70% of the mining and 93% of the accumulation of imperishable magnets made from them, which are important to high-tech products and the military.

"These restrictions undermine our expertise to create our business guidelines astatine a clip erstwhile we request to. And past second, it's a powerful negotiating tool," she said.

Craig Singleton, elder head of the China programme astatine the Foundation for Defense of Democracies, a deliberation tank, said Trump's station could "mark the opening of the extremity of the tariff truce" that had lowered the taxation rates charged by some countries.

"Mutually assured disruption betwixt the 2 sides is nary longer a metaphor," Singleton said. "Both sides are reaching for their economical weapons astatine the aforesaid time, and neither seems consenting to backmost down."