Trump imposes extra 100% tariff on China

• U.S. President Donald Trump announced a new 100% tariff on China, effective November 1, amidst escalating trade tensions.

• The tariffs are a response to China’s export controls on rare earth minerals, which Trump described as “extraordinarily aggressive.”

• Current tariffs on Chinese goods stand at 30%, introduced due to accusations against China related to the fentanyl trade and unfair trade practices.

• Trump threatened to cancel an upcoming summit with President Xi Jinping, indicating a significant diplomatic strain.

• Rare earth elements, crucial for various technologies including smartphones and electric vehicles, are predominantly produced and processed by China.

Trump China Tariff is important topic for Civil service exam (WBCS).

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