The U.S. will begin imposing new tariffs on imports from China in response to the country’s plans to implement export controls on numerous goods, President Donald Trump said in a Truth Social post Friday.
Effective Nov. 1, the 100% levies will stack on the combined duties to which goods from China are already subject, per Trump. The president also said he would impose export controls on critical software the same day but did not provide additional details.
Trump said he is imposing the new tariffs because China plans to “impose large scale Export Controls on virtually every product they make.”
On Thursday, China’s Ministry of Commerce announced it would place export restrictions on rare-earth-related goods and technology, including manufacturing equipment, lithium batteries and graphite anode materials. The measures will take effect Nov. 8, per a spokesperson for the ministry.
The latest actions reignite a trade spat between the U.S. and China that had cooled in recent months.
Earlier this year, Trump hiked tariffs on China-originating products to as much as 145%, while China responded with countermeasures. However, both countries agreed to lower tariffs during a 90-day pause that was later extended to Nov. 10.
During the truce, representatives from the U.S. and China have met multiple times to negotiate terms of a potential tariff-related agreement. In fact, in June, Trump said a deal was “done,” pending final approval from the president and China President Xi Jinping.
Although Trump said China had taken “significant steps” to address U.S. trade concerns in an August executive order, the deal has still not been finalized. This week’s actions make an agreement seem unlikely in the near future.
“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump said in an earlier Truth Social post Friday.
