Trump ratchets up US-China trade war with new 100% tariffs, export controls


US President Donald Trump on Oct 10 said he was raising tariffs on Chinese exports to the US to 100 per cent and imposing export controls on “any and all critical software”. -- PHOTO: REUTERS

WASHINGTON (Reuters): US President Donald Trump revived the trade war against Beijing on Friday night, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China, curbing its critical mineral exports.

The president unveiled additional levies of 100% on China's U.S.-bound exports, along with new export controls on "any and all critical software" by November 1, nine days before existing tariff relief is set to expire.

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