The trade war between the U.S. and China is heating up: On Friday, U.S. President Donald Trump lashed out at Beijing after China said it would tighten control over rare earth mineral exports, with the president saying he would impose a new 100% duty on Chinese goods—”over and above” existing tariffs.

The reignited trade war has rocked markets, particularly tech stocks, with the Nasdaq closing 3.6% down on Friday. Analysts are warning that the escalation could lead to an even more economically turbulent market outlook than was seen earlier this year after Trump made his “Liberation Day” tariff announcement. Trump made the threat on social media, writing that he would impose the new 100% tariff on Chinese goods by Nov. 1.,. Trump also said that the U.S. would limit exports of “any and all c

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