By Eric Vandenbroeck and co-workers

Trump announced an additional 100% tariff

"The relevant US statement is a typical example of 'double standards, '" a Ministry of Commerce spokesperson said in a statement. "Should the US persist in its course, China will resolutely take corresponding measures to safeguard its legitimate rights and interests," the statement read.

Trump, in a post on his Truth Social platform, said that he had learnt that China had taken an "extraordinarily aggressive position on trade in sending an extremely hostile letter to the world."

It came a day after Beijing introduced new export limits on rare earth minerals, which China is the world's largest supplier of, and which are crucial for tech production.

The new US tariffs threaten to restart a trade war first launched earlier this year, shortly after Trump took office, with both nations exchanging exponentially high tariffs, which were later paused after several rounds of negotiations. 

This comes in response to Trump threatening a new 100% tariff on Chinese goods and export controls on all critical software, starting November 1, in addition to existing 30% tariffs. 

Trump, in a post on his Truth Social platform, said that he had learnt that China had taken an "extraordinarily aggressive position on trade in sending an extremely hostile letter to the world." 

It came a day after Beijing introduced new export limits on rare earth minerals, which China is the world's largest supplier of, and which are crucial for tech production. USChina.html

The new US tariffs threaten to restart a trade war first launched earlier this year, shortly after Trump took office, with both nations exchanging exponentially high tariffs, which were later paused after several rounds of negotiations. 

China defends rare earth control measures. Beijing justified its position, saying China's rare earth control measures announced on October 9 are necessary given the military applications of medium and heavy rare earth metals and the "current turbulent global situation and frequent military conflicts."

China's grip on rare earths, vital for smartphones, EVs, and military tech, has left the US, Europe, and India vulnerable. Until global supplies increase, China wields great power over the critical technology sectors.

It added that it had notified relevant countries and regions before the announcement of the measures. 

The Commerce Ministry's statement assured global tech companies and stakeholders that the Export measures will have "extremely limited impact" on production and supply chains. Of its ties with the US, Beijing accused Washington of continuously adding new restrictions against China since the trade talks in Madrid. 

China said it is willing to strengthen dialogue and exchanges on export controls to safeguard supply chains further. It said China's position on tariff wars has been consistent. "We do not want to fight, but we are not afraid to fight," the Ministry of Commerce said.

 

 

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