Trump: "100% Additional Tariffs on China Starting in November"

Additional Tariffs Imposed Targeting China's Rare Earth Export Controls

President Donald Trump of the United States announced that, in response to China’s rare earth export control measures, he would impose an additional 100% tariff on Chinese imports starting November 1.

On October 10 (local time), President Trump stated on his social networking service, Truth Social, “I have just learned that China has taken an extremely aggressive stance on trade,” adding, “Starting November 1, an additional 100% tariff will be imposed on top of the existing tariffs on Chinese goods.”

Donald Trump, President of the United States. Photo by Yonhap News

According to the Peterson Institute for International Economics (PIIE), the current average U.S. tariff rate on Chinese imports is about 57%. If President Trump’s new measure is implemented, the tariff rate is expected to exceed 150%.

President Trump criticized, “China has sent a highly hostile letter to the world, announcing that from November 1, 2025, it will implement massive export controls on virtually all products it manufactures, and even on some products it does not manufacture.” This statement appears to be aimed at China’s rare earth export control measures.

Regarding these actions by China, President Trump stated, “This will affect every country without exception, and it is clear that they have been planning this for years. I have never heard of anything like this in international trade, and it is a moral disgrace in dealings with other countries.”

President Trump also announced, “On November 1, we will implement (U.S.) export controls on all core software to China.” He added, “It is hard to believe that China has taken such measures, but they have, and the rest will go down in history.”

Meanwhile, following President Trump’s remarks, concerns over a renewed U.S.-China ‘tariff war’ have intensified, causing the New York Stock Exchange to plunge across the board. The Dow Jones Industrial Average fell by 878.82 points (-1.90%). The Standard & Poor’s (S&P) 500 Index dropped by 182.60 points (-2.71%), while the tech-heavy Nasdaq Composite Index declined by 820.20 points (-3.56%) compared to the previous session.