The trade war between the US and China reached an alarming phase after tit-fortat export controls that rattled markets. A staggering $1.65 trillion was wiped out of the US stock market when President Trump announced retaliatory measures against Beijing’s move to squeeze supply of critical technologies, including rare earths processing, reports Chidanand Rajghatta.
Hours after the Chinese move, Trump announced an economic countermeasure, declaring the US would impose an additional 100% tariff on all Chinese goods, on top of existing duties, effective Nov 1, 2025. The White House also announced new export controls on “any and all critical software”
Hours after the Chinese move, Trump announced an economic countermeasure, declaring the US would impose an additional 100% tariff on all Chinese goods, on top of existing duties, effective Nov 1, 2025. The White House also announced new export controls on “any and all critical software”
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