Washington/New Delhi: In a bold move reshaping global trade, U.S. President Donald Trump announced plans to impose 100% tariffs on Chinese imports, effective November 1, 2025, or sooner, in retaliation to China’s recent restrictions on rare earth exports.
Rare earths, crucial for electronics, renewable energy, aerospace, and defense, are at the center of the dispute. Analysts warn that the tariffs could disrupt global supply chains, affect U.S. manufacturers, and prompt retaliatory measures from China.
Asian markets reacted sharply, with Hong Kong’s Hang Seng index dropping over 9% and Shenzhen stocks declining significantly. The tariffs could impact international trade, technology transfer, and industrial supply chains globally.
The Trump administration emphasized that these measures are intended to protect critical industries, ensure national security, and promote fair trade practices. The world watches closely to gauge China’s response and the broader economic impact.