China signals defiance in face of Trump's 100% tariff threat PoliticoMarket sell-off: Trump post lops off $2 trillion from stocks in a single day CNBCTrump announces 130% tariffs on China. The global trade war just came roaring back CNNVance Says US Holds More Cards in Escalating China Trade Spat Bloomberg.com
The president made the threat after Beijing imposed new global restrictions on the use of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries.