US-China Tariff: Donald Trump lashes out at China, announces 100% tariff imposition | ABP News

US President Donald Trump has announced an additional 100 percent tariff on Chinese imports and warned that he may cancel his planned summit with President Xi Jinping, escalating tensions in the ongoing trade war. The new tariffs, along with US export controls on “any and all critical software,” will take effect from November 1. Trump accused Beijing of “extraordinarily aggressive” actions related to export restrictions on rare earth minerals. Following his announcement, global markets reacted sharply, with the Nasdaq falling 3.6 percent and the S&P 500 dropping 2.7 percent. Chinese goods are already subject to 30 percent tariffs imposed by Trump in earlier trade disputes. Stay Tuned For More Updates Only on ABP News.