Trump announces 100% additional tariff on China beginning in November
1. Trump announced a 100% tariff on Chinese imports starting November 1, 2025. 2. China's aggressive trade stance prompted concerns over export controls on rare earth minerals. 3. S&P 500 fell over 2%, its steepest drop since April following the announcement. 4. China dominates rare earth supplies, crucial for many advanced technologies. 5. Escalations hint at renewed trade tensions affecting global markets.