Trump fires back at Chinas rare earth mineral restrictions by threatening 100% tariffs | TechCrunch
News Source : TechCrunch
News Summary
- President Donald Trump announced Friday that he will impose a 100% tariff on all imports from China.
- He also announced export controls on “any and all critical software” from the United States.
- China is the world’s largest producer of rare earth minerals, which are used in products critical to the tech industry, including semiconductors and solar panels.
- According to Trump, these new tariffs are set to take effect on November 1.
- After posting, Trump reportedly told journalists that the tariffs could still be walked back, and that he would not necessarily cancel a scheduled meeting with President Xi Jinping.
President Donald Trump declared Friday that he will impose a 100% tariff on all imports from China, while also imposing export controls on any and all critical software from the United States.This [+1733 chars]
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