Trade War Erupts: Trump Slaps Massive 100% ‘Punishment’ Tariff On All Chinese Goods
This special report focuses on the escalating trade war between the United States and China, with former US President Donald Trump announcing a significant tariff hike on Chinese goods. According to reports cited in the bulletin, Donald Trump stated that ‘this 100% tariff will be applied on Chinese goods from the 1st of November’. This move comes as existing tariff relief measures are set to expire. The discussion, featuring insights from correspondent Pranay, explores the potential impact on both the US and Chinese economies, as well as global supply chains. The tariffs are seen as a pressure tactic by Trump ahead of potential meetings with Chinese President Xi Jinping at the APEC and ASEAN summits, and are linked to China’s control over the export of crucial rare earth minerals.
