Donald Trump has announced the possibility of imposing 100% tariffs on Chinese goods, in addition to existing duties. The measure could take effect on November 1, 2025. According to Trump, this is a response to China's plans for large-scale export restrictions on various products.
Stock markets reacted to the announcement with a decline of less than $2 billion, considered minor for the US economy. Bitcoin also fell but analysts believe these fluctuations are temporary. Experts note that markets are waiting for concrete actions rather than mere political statements.
Trump described Beijing's decisions as “hostile and unprecedented” in international trade. In parallel, the US is preparing to introduce export restrictions on critical software and other goods.
Despite heightened tensions, Trump reaffirmed his intention to meet with Xi Jinping at the APEC summit in South Korea at the end of October. He stressed he had not canceled the meeting and intends to attend. Negotiations between the two sides are proving difficult, with no major breakthroughs, despite discussions of possible Chinese investment in the US economy.
China's tightening of controls over rare earths exports points to increasing confrontation rather than progress toward a trade deal. The US and China have significant mutual trade volumes, so new tariffs and restrictions could have serious economic consequences for both countries and global markets.
Analysts doubt Trump’s proposed high tariffs will be fully implemented, viewing them as economically inefficient. Such pressure tactics have not been successful in the past. China continues to maintain close relations with Russia and Europe and remains committed to its export-oriented strategy. Europe, amid ongoing conflict, is increasingly looking for security assurances from China as well as the US.
On sanctions against Russia, the US has imposed more restrictions than any other country, but their effectiveness depends on enforcement and EU solidarity. Trump prefers tariffs as a tool for influencing other nations, claiming they benefit the US budget more directly than sanctions.
