US President Trump To Add 100% Tariffs On China
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President Trump threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a recession.
America may stop sending Boeing plane parts to China. President Donald Trump announced this possibility. It is a reaction to China's recent limits on rare earth minerals. China has many Boeing planes and needs these parts.
The Senate action follows a Trump administration deal this summer with Nvidia and AMD to ease China export restrictions.
President Donald Trump said Friday the United States will impose a 100% tariff on Chinese goods beginning Nov. 1, citing what he called an “extraordinarily aggressive” move by Beijing.
China bought about $38 billion worth of sophisticated chimaking equipment from the U.S. and its allies last year due to gaps in efforts to curb manufacturing, a bipartisan report by U.S. lawmakers has found.
China on Thursday announced export curbs on some types of artificial diamonds set to take effect just before the U.S.-China tariff truce is scheduled to end, further tightening Beijing's grip over high-tech manufacturing supply chains.
The president expressed frustration with new export controls placed on rare earth elements by China — and said that “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea.