Trump strikes back at China with a 100% tariff and critical software ban — major escalation retaliates for China’s rare earth restrictions

Just hours after U.S. President Donald Trump threatened to impose tariffs on China-made goods in retaliation for unprecedented export controls on rare earth materials, he actually did so, increasing import tariffs on Chinese goods to 100% starting November 1. In addition, the U.S. will impose export controls on ‘critical software,’ something that may be more crippling than the tariffs.