President Trump said Friday he would impose an additional 100 percent tariff on Chinese imports and new export controls on critical software, responding to China’s announcement of stringent new restrictions on rare earth minerals.

The measures would take effect Nov. 1, Trump said on Truth Social, potentially raising the average U.S. tariffs on many Chinese goods above 150 percent. Trump also said he saw no reason to proceed with a planned meeting with Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit in South Korea later this month.

“It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Ex

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