Trump Escalates Trade War: Slaps 130% Tariffs on Chinese Goods

The New Diplomat
Writer

Ad

Just In! Kabiru Turaki Elected PDP National Chairman 

By Abiola Olawale The Peoples Democratic Party (PDP) has officially elected former Minister of Special Duties and Intergovernmental Affairs, Kabiru Tanimu Turaki, SAN, as its new National Chairman. ​Turaki’s emergence at the just-concluded National Convention in Ibadan, Oyo State, came after a consensus was reached by stakeholders and key governors within the party. Turaki, the…

Damagum Confirmed as Substantive National Chairman

By Abiola Olawale The Peoples Democratic Party (PDP) on Saturday ratified Ambassador Umar Damagum as its substantive National Chairman at a Elective National Convention in Ibadan. The ratification officially ends Damagum's tenure as Acting Chairman and sets the course for the party's leadership into the crucial 2027 general elections. ​The convention, held at the Lekan…

Just In! Shake Up as PDP Expels Wike, Fayose, Anyanwu, Others Over Alleged Anti-party Activities

By Abiola Olawale The Peoples Democratic Party (PDP) on Saturday announced the expulsion of several high-profile members, including the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and former Ekiti State Governor Ayo Fayose. ​The announcement, made during the party’s National Convention in Ibadan, also confirmed the expulsion of the suspended National Secretary, Senator…

Ad

By Obinna Uballa

President Donald Trump has announced sweeping new trade measures against China, declaring that the United States will impose an additional 100% tariff on Chinese imports, on top of the existing 30%, starting November 1 or sooner.

The move marks a dramatic escalation in tensions between Washington and Beijing, effectively reviving the trade war that had cooled after months of uneasy truce.

“The United States of America will impose a tariff of 100% on China, over and above any tariff that they are currently paying,” Trump said Friday afternoon in a Truth Social post, as reported by CNN. “Also on November 1st, we will impose export controls on any and all critical software.”

The new tariffs target key categories such as electronics, apparel, and furniture — sectors that account for a large share of U.S. imports from China.

Trump’s decision follows Beijing’s recent move to tighten export controls on rare earth minerals, vital to the production of semiconductors and other high-tech components.

In a related development, Trump reportedly called off a planned meeting with Chinese President Xi Jinping that was to take place later this month in South Korea, signalling a breakdown in high-level diplomacy between the world’s two largest economies.

Markets reacted sharply to the announcement, with investors fearing a return to the kind of tariff battles that previously sent global trade into turmoil. Analysts recalled the spring of 2019, when tariff hikes on Chinese goods reached as high as 145%, triggering widespread market volatility.

Analysts say the new measures underscore Trump’s hardline stance on China as his administration continues to prioritise economic nationalism and technology security ahead of next year’s presidential election.

Ad

X whatsapp