Trump’s 100% tariff on China threatens new supply chain shock

President Donald Trump announced Friday that the U.S. could impose tariffs of up to 100% on imports from China by Nov. 1, marking an escalation in the U.S.–China trade conflict and raising uncertainty across global supply chains. In a Truth Social post Friday, Trump said the tariffs were retaliation for China’s new export controls announced a day earlier on rare earth minerals and related technologies. Many U.S. companies that rely on Chinese manufacturing could face soaring costs and shipment delays as ...