Trump Escalates Battle Against China’s Unfair Trade

President Donald Trump announced after the close of trading Friday that the United States will impose an additional 100% tariff on Chinese imports starting November 1, 2025, in response to what he described as China’s "extraordinarily aggressive position on Trade."

In a statement posted on Truth Social, Trump said China had sent an "extremely hostile letter to the World" indicating plans to implement "large scale Export Controls on virtually every product they make" affecting all countries without exception.

The announcement from Trump follows an earlier statement from the president on China about the country’s aggressive behaviour. The earlier statement caused markets to sell off on Friday, with the Dow finishing down 1.9%, the S&P 500 falling 2.7%, and the tech-heavy NASDAQ dropping 3.6%. Losses continued after-hours in futures markets following the additional tarrif announcement.