President Donald Trump announced Friday that he would implement 100% tariffs on imports from China starting next month after previously threatening to cancel his upcoming meeting with Chinese President Xi Jinping.
In a social media post, Trump said the new tariffs would take effect on November 1.
Trump said the move comes in response to China’s “extraordinarily aggressive stance on trade” related to export controls.
President Donald Trump, left, shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan, June 29, 2019.
Susan Walsh/AP, Archives
“It just emerged that China has taken an extraordinarily aggressive stance on trade by sending an extremely hostile letter to the world, stating that beginning November 1, 2025, they would impose large-scale export controls on virtually every product they make, and some not even made by them,” Trump said.
In addition to the tariffs, Trump added that the United States would impose “export controls on all critical software.”
The social media post came after Trump threatened to impose tariffs earlier in the day, sparking a sell-off in stocks. The Dow Jones Industrial Average fell 385 points, or 0.8%. While the S&The P 500 fell 1.25% and the tech-heavy Nasdaq fell 1.75%.
Trump’s announcement came a day after China imposed new restrictions on rare earth minerals, key materials in the production of semiconductors used for everything from artificial intelligence to household appliances.
President Donald Trump walks on the South Lawn after arriving on Marine One at the White House, Oct. 10, 2025, in Washington.
Alex Brandon/AP
Trump started the dispute in a social media post that same day where he claimed that China had sent letters to countries around the world threatening to impose export controls on “any and all production items that have to do with rare earths.”
“There is no way China will be allowed to hold the world ‘captive,’ but that seems to have been their plan for quite some time,” Trump said.
In retaliation, Trump threatened a “massive increase” in tariffs on Chinese goods entering the United States, although he said the move would be “potentially painful.”
Tariffs on Chinese imports to the United States currently stand at 30%, down from a peak of 145% earlier this year.
Trump said the new tariffs on China would be “on top of any tariffs they are currently paying.”
Earlier Friday, Trump also threatened to cancel an upcoming meeting with Jinping.
“This was a real surprise, not only to me, but to all the leaders of the free world. I was supposed to meet with President Xi in two weeks, at APEC, in South Korea, but now it seems there is no reason to do so,” Trump said in his previous post.
This comes as the US-China trade truce is still in effect, but will expire in less than a month.
