U.S. President Donald Trump said on Friday that the United States would impose 100% tariffs on Chinese goods and restrict the export of “critical software” following China’s announcement of new rare earth export controls.
Trump wrote on his social media platform Truth Social that, starting 1 November, the U.S. would apply a 100% tariff on China in addition to existing duties. He also confirmed that export controls would be imposed on all critical software.
Earlier, Trump criticised Beijing’s move and suggested that there was now “no reason” to go ahead with a planned meeting with Chinese President Xi Jinping on the sidelines of the APEC summit in South Korea later this month.
China announced the new rare earth export restrictions on Thursday. The measures cover processing and manufacturing technologies and prohibit cooperation with foreign companies without prior government authorisation.
The Commerce Ministry said the restrictions aim to safeguard national security and interests by controlling the export of technologies related to rare earths, including mining, smelting and separation, magnetic material production, and the recycling of secondary resources.
The move follows broader controls introduced by Beijing in April, which caused global shortages, though shipments resumed following new agreements with Europe and the U.S.
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