The US plans to impose an additional 100% tariff on all Chinese goods starting 1 November
China has accused the United States of “double standards” following President Donald Trump’s announcement of new tariffs on Chinese imports. The US plans to impose an additional 100% tariff on all Chinese goods starting 1 November, pushing the total US tariff on Chinese products to roughly 130%, the highest in decades. Beijing criticised the move as unfair and warned it could seriously disrupt global trade.
China’s Ministry of Commerce criticised the US over its tariff threat, saying, “Willful threats of high tariffs are not the right way to get along with China.” A spokesperson added, “Our position on the trade war is consistent. We do not want it, but we are not afraid of it.” The comments came after the US announced a 100% tariff on Chinese goods and export controls on critical software.
US-China trade war
US President Donald Trump has accused Beijing of “extraordinarily aggressive” and “hostile” trade actions after China announced restrictions on exports of nearly all its products, particularly rare earth elements, to foreign entities. In response, the US has imposed new export controls on critical software. The announcement triggered market volatility, with economists warning of potential disruptions to global supply chains and rising prices for electronics, clean energy products, and other goods.
The new US tariffs will have a severe impact on supply chains worldwide, affecting markets across the US, Asia, and Europe. Companies reliant on Chinese inputs may face production delays and higher costs, while consumers could see increased prices on everyday products.
