Trump announces additional 100% China tariff starting Nov. 1

President Donald Trump introduced on Fact Social Friday that the US will impose an extra 100% tariff on imports from China beginning in November.

The announcement was made hours after a separate publish from Trump during which he warned of doable new tariffs and urged canceling a gathering with Chinese language President Xi Jinping, claiming Beijing is planning sweeping export controls on uncommon earth minerals.

“Efficient November 1, 2025 (or sooner, relying on any additional actions or adjustments by China), the USA of America will impose a 100% tariff on China, along with any tariff it presently pays,” Trump wrote in Fact Social on Friday afternoon.

STOCKS FALL AS US-CHINA TRADE WAR RECALLS AFTER TRUMP THREATENS RATE INCREASE

President Donald Trump clenches his fist earlier than boarding Marine One on the White Home on September 7, 2025 in Washington, D.C. (Roberto Schmidt/Getty Photographs/Getty Photographs)

“Additionally on November 1, we are going to impose export controls on all essential software program.”

Within the Fact Social publish, Trump argued that China has taken an “extraordinarily aggressive” stance towards international commerce.

TRUMP THREATENS ‘HUGE’ TARIFF INCREASE ON CHINA OVER RARE EARTH MINERALS DISPUTE

“It has simply been realized that China has taken an especially aggressive stance on commerce by sending an especially hostile letter to the world stating that efficient November 1, 2025, they are going to be imposing large export controls on nearly each product they make, and a few not even made by them,” Trump mentioned.

“This impacts ALL international locations, with out exception, and it was clearly a plan they got here up with years in the past. It’s completely exceptional in worldwide commerce and an ethical shame when coping with different international locations.”

Chinese language President Xi Jinping takes half in a welcome ceremony upon his arrival at an airport in Moscow, Russia, Could 7, 2025. (Alexander Vilf/Host company Ria Novosti /Handout by way of Reuters / Reuters Pictures)

The announcement got here simply hours after Trump warned of the potential for new tariffs, claiming China had instructed different international locations it wished to impose export controls on uncommon earth minerals, that are essential elements for superior applied sciences starting from semiconductors to smartphones.

TRUMP PROPOSES TO LEVEL THE PLAYING FIELD WITH CHINA ON FLIGHTS OVER RUSSIA TO AND FROM US

“Some very unusual issues are taking place in China!” Trump reported earlier Friday. “They’re turning into very hostile and sending letters to international locations around the globe saying they need to impose export controls on each a part of manufacturing that entails uncommon earths, and on just about something they’ll consider, even when it is not made in China.”

Individuals wave the flag of China to have a good time Chinese language Nationwide Day October 1, 2022 in Hong Kong, China. (Keith Tsuji/Getty Photographs / Reuters Pictures)

The escalation shocked international markets on Friday, sending the S&P 500 down greater than 2%, its steepest single-day decline since April, Reuters reported.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

On Thursday, China expanded its export controls on uncommon earth metals. In keeping with Reuters, the nation provides greater than 90% of the world’s processed uncommon earth metals and uncommon earth magnets.

FOX Enterprise’ Eric Revell contributed to this report.