Trump announces 130% tariffs on China. The global trade war just came roaring back | CNN Business
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President Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.

Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.

Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.

  • Skiluros@sh.itjust.worksEnglish
    1·
    2 days ago

    I honestly wouldn’t be surprised if Trump can’t tell the difference (initially) between X2 step by step 45% increases (which would result in ~110% increase from base), versus two 45% percentage point increases (which would be 90% from base).