Trump trade rep says new 100% tariff on China depends on Beijing's next move

Trade Relations & Tariffs - The imposition of 100% tariffs on Chinese goods is contingent on China's actions, particularly regarding rare earth exports [1] - The US has previously found that tariffs of approximately 140% on Chinese goods were challenging for China's economy [2] - The US is confident in its leverage over China, citing China's export-driven economy and need to access the US consumer market [3] - The US possesses export controls that could be imposed on China if necessary, but prefers a good relationship [4] Rare Earth Minerals - China is reportedly planning to control more rare earths and downstream products [1] - Rare earth minerals provide China with leverage in trade negotiations [2] China's Economy - China's economy is described as export-driven, with declining property values and high youth unemployment [3] - China needs to export to maintain economic growth [3]