An additional 100% duty announced that it will impose yesterday (10.10.2025) on China The US President Donald Trumpas well as checks on exports of “all kinds of critical software” from November 1, hours after threatening to cancel the forthcoming meeting with the country’s leader Xi Jing.
“As soon as it became known that China has adopted an extremely aggressive stance in the field of trade, sending an extremely hostile letter to the world, stating that from November 1, 2025, it will impose large -scale export controls on almost all the products it manufactures, as well as some of its own.”
This move will rekindle fears for a Global trade disorder, which could lead the world’s two largest economies to substantial interruption of their relationshipsand dramatically increases the stakes for Trump and Si, as they negotiate high -risk trade agreements.
However, Trump acknowledged Friday that could recede by massive duties increase if the Chinese withdraw from threats to restrictions on rare landwhile saying that he is still likely to meet Si later this month.
“That’s why I set the deadline on November 1,” Trump said. “We’ll see what happens.”
Duties announced by Trump They will increase import taxes on many Chinese products to 130% from next month. This will be just below the 145% level imposed earlier this year, before the two countries reduce taxes in a truce to promote commercial conversations.
Markets reacted negatively after Trump’s report on this move Yesterday, with US stocks suffering the worst fall of the last six months. The S&P 500 lost its weekly gain after a 2.7%drop, the worst day since April 10. The NASDAQ 100 index fell 3.5%. Soy’s future fulfillment contracts in Chicago fell up to 1.9%.
Prior to the scheduled summit between Si and Trump, both the US and China have taken actions that may limit the flow of technology and materials between countries.
A little earlier yesterday it became known that China imposed new port fees on US ships and also today launched an antitrust survey for Qualcomm – After new attempts to limit the flow of rare earths needed to build many consumer products, such as engines, semiconductors and fighter aircraft.
The escalation of threats could simply be a way for Beijing and Washington to gain an advantage in the negotiations. Some of the last measures announced by Beijing were to come into force until November 8, so they will not apply before the expected talks between Si and Trump.
However, companies must now adapt to the rapidly changing commercial environment – and Trump’s threat of even greater escalation.
“This interaction indicates the fragility of bilateral relations,” said Wendy Cutler, a former US trade deals negotiations. “It is not certain that the cooler voices will prevail, leading to a decline in time” for the scheduled meeting of the leaders.
In the oval office, Trump implied that he could impose restrictions on aircraft exports and spare parts. And the office of the US Commercial Representative announced on Friday that it would impose 100% duties on some ship-to-car cranes and cargo handling equipment, a move aimed at Chinese port equipment.
This is followed by a plan drawn earlier this year by the commercial representative to impose fees on Chinese construction ships. USTR also said that it proposes certain types of cargo handling equipment imported from China to be subject to “additional duties up to 150%”.
Friday’s announcements set In question not only the program of Trump’s scheduled trip to Asia, but also the future of negotiations on China’s refusal to buy American soybeans that has hit American farmers. US Commercial Spokesman Jameson Green told Fox News yesterday that his office is looking for ways to “find a solution” for US producers.
“For example, Vietnam has already reduced its soy customs duties. Cambodia has reduced its soy customs duties. We are in talks with several other Asian countries to do this, “Green said. “We are also discussing the White House about the domestic uses of soy.”
Rare land is at the heart of commercial tensions between Washington and Beijing. After Trump increased duties to Chinese imports earlier this year, the Chinese government reacted by interrupting mineral exports to US companies. Officials on both sides agreed to a truce in the spring, in which Trump reduced duties and Si’s officials agreed to restore the flow of minerals.
However, on Thursday (9.10.2025), China has demanded from overseas exporters who even use traces of certain rare land to obtain an export licenseaccording to the Ministry of Commerce, citing national security reasons. Some machines and technologies for the processing of rare earths and the construction of magnets will also be subject to checks, the ministry said in a separate announcement. It is not clear which US software products may be affected by the proposed Trump export ban.
Trump’s moves mark a sharp change in tone even since Thursday, when he expressed his optimism that he could persuade Xi to end China’s moratorium on the US soy markets and said of the Chinese leader: “He has things I want to talk to me.”
Tensions between the US and China have been in for months, as the two sides compete to gain an advantage in a series of issues under negotiation, such as duties, the fight against the trafficking of fentanyl, soybeans, export controls and the fate of the US. The latest trade truce between the two economies suspended the increased US duties in China until November.
“Our relationship with China for the last six months has been very good, which makes this move in the field of trade even more stunning,” Trump said in his original post on Truth Social. “I always felt they were waiting for the right time and now, as usual, I proved to be right!”
Trump claimed that he had heard from other world trade partners that they had received similar letters and were “extremely angry with this great hostility in the field of trade” from China. He also expressed his annoyance over the timetable of Chinese letters as he plans to visit the Middle East to announce a peace agreement that has helped to be achieved between Israel and Hamas.
“The Chinese letters were particularly inappropriate, since this was the day that, after three thousand years of turmoil and conflict, pacifiers in the Middle East,” Trump wrote.