Trump Implements 100% Tariff on All Chinese Imports Amid Trade Tensions
President Trump has announced a sweeping 100% tariff on all Chinese goods, marking a significant escalation in the ongoing U.S.-China trade conflict, which has intensified following China’s recent export restrictions on rare earth elements critical for defense and technology industries. The U.S. will also impose export controls on vital software, aiming to curb China’s technological advancements amid accusations of aggressive trade practices. Analysts view these developments as a shift towards a more confrontational stance, potentially fracturing global supply chains into rival blocs. This situation not only threatens to destabilize international trade but also compels nations, including India, to consider domestic production strategies to mitigate reliance on Chinese imports, particularly in defense and high-tech sectors.