In a surprise move, U.S. President Donald Trump announced on his Truth Social account that starting November 1, 2025 (or sooner), the United States will raise tariffs on goods from the Chinese mainland to 100% and impose export controls on all critical software 💾🔒. This sharp turn marks a fresh chapter in the ongoing trade war between the world’s two largest economies.
Here's what you need to know:
- Tariff hike: U.S. duties on Chinese mainland products jump from 30% to a full 100% 📈.
- Software controls: Any and all critical software exports will face new restrictions 🚫💻.
- Previous truce: In a prior deal, both sides had paused steep tariffs—U.S. tariffs had fallen from 145% to 30%, and the Chinese mainland cut its duties on U.S. goods from 125% to 10%. That truce was extended twice, most recently in August.
- Chips and AI: Washington is also moving to curb advanced semiconductors vital for AI. The U.S. House Select Committee on China wants allies to ban chipmaking tool sales to the Chinese mainland.
Beijing has urged Washington to drop unilateral trade restrictions, warning they undermine global commerce 🌐. As markets react, businesses and investors will be watching closely to see how this new policy reshapes supply chains and global tech development.
Stay tuned for more updates as this story unfolds! 🚀
Reference(s):
Trump turns up heat on China with fresh tariffs, export curbs
cgtn.com
