Washington DC: US President Donald Trump has announced plans to introduce a sweeping 100 percent tariff on imports from China, signaling a dramatic escalation in trade tensions between the world’s two largest economies.
The proposed tariff increase, which Trump says will take effect on or before November 1, 2025, would be in addition to existing duties already levied on Chinese products. The statement was posted on Friday on Trump’s social media platform, Truth Social, and quickly sent ripples through financial markets and political circles alike.
“Starting November 1, 2025 (or sooner, depending on any future actions or changes by China), the United States will impose a 100 percent tariff on China,” Trump wrote, citing recent Chinese restrictions on rare earth exports as the key trigger for his decision.
Rare earth elements are critical to a wide range of U.S. industries — including defense, clean energy, and technology — and China is the dominant global supplier. Beijing’s move to tighten control over these exports has been viewed by some as an economic countermeasure amid ongoing geopolitical tensions.
Trump, who is campaigning for a return to the White House in 2024, made it clear he has no intention of meeting Chinese President Xi Jinping during his planned visit to South Korea. “I see no reason to meet with Xi,” Trump said on Friday, suggesting a hardening stance toward Beijing.
The prospect of such a steep tariff increase has raised alarms among economists, who warn that it could trigger a wave of inflation, disrupt supply chains, and potentially spark a global economic downturn.
Markets reacted cautiously to the announcement, with investors weighing the possibility of renewed trade wars and their potential consequences for global commerce. Analysts say that while Trump’s plan isn’t official policy yet, it signals the direction of his trade agenda should he return to office.
As of now, the White House has not issued an official response to Trump’s remarks. However, observers are closely watching both Washington and Beijing for any retaliatory moves or attempts to de-escalate the situation.