Trump says US will impose additional 100% tariff on Chinese goods in November as trade war escalates [View all]

President Trump ratcheted up tariff and trade tensions with China on Friday. In a post on Truth Social, the president said the US would impose an additional 100% tariff on Chinese goods starting on Nov. 1, 2025.

The president said the move was prompted by China taking an "extraordinarily aggressive" position on trade by announcing new export controls that would take effect next month. Trump claimed the curbs affect more countries than just the US, calling them a "moral disgrace in dealing with other nations."

The president added that the timeline of the 100% tariff could be moved up based on China's response. He also said export controls targeting China's access to "critical software" would go into effect on the same day in November.

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US stocks slid on Friday after Trump threatened the tariff increase.

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-says-us-will-impose-additional-100-tariff-on-chinese-goods-in-november-as-trade-war-escalates-162418584.html