China, Trump and 30 tariff
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China has expanded its export rules on rare earths, requiring foreign firms to get approval for exporting products containing even small amounts of China-originated materials.
China’s 500% tariff retaliation hits U.S. high-tech and defense sectors, threatening EVs, semiconductors, and national security supply chains.
By Francesco Canepa and Howard Schneider FRANKFURT/WASHINGTON (Reuters) -U.S. companies and consumers are bearing the brunt of the country's new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve's fight against inflation.
Trump blamed Beijing for the latest impasse, a dispute over China's sweeping new export restrictions on rare-earth minerals and magnets.
President Trump has issued a new executive order that will escalate the trade war with China. President Trump says the United States will impose new tariffs of 100% on imports from China. Here's the entire post that the president made on his own social media platform announcing this news:
U.S. Trade Representative Jamieson Greer on Tuesday said it depended on China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but acknowledged it might be hard for Beijing to find an off-ramp.
The president is threatening to widen his trade war against China as tariffs on timber, lumber, kitchen cabinets and other products took effect on Tuesday.
6don MSN
China vows to stand firm against Trump’s tariff threat. He urges Beijing to be less confrontational
China signaled on Sunday that it would not back down in the face of a 100% tariff threat from President Donald Trump and urged the United States to resolve
Minnesota is a major player in U.S. agriculture. However, an ongoing trade war with China has some farmers worried about the years to come.