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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The International Monetary Fund (IMF) has urged Georgia to implement reforms to tackle youth unemployment. Nearly 30 per cent of people aged 15-24 are without a job in the country, according to World Bank data.
British Prime Minister Sir Keir Starmer has pledged to publish the UK government's long-awaited Defence Investment Plan ahead of next month's NATO summit in Ankara, following growing pressure over the UK's military spending commitments.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
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U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
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Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
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