Trump acknowledged Friday that he could retreat from his massive tariff escalation if the Chinese backed down from threatened restrictions on rare earths (Image source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

US President Donald Trump said he would impose an additional 100% tariff on China as well as export controls on “any and all critical software” beginning Nov. 1, hours after threatening to cancel an upcoming meeting with the country’s leader, Xi Jinping.

“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 Export Controls on virtually every product they make, and some not ev

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