This week saw another round of US-China tariffs unleashed after what seemed like a brief but precarious period of calm. Two Chinese government agencies on Thursday (October 9) announced multiple export control measures related to rare earths, which are key industrial minerals whose processing is largely dominated by China. Semiconductor exports will also come under greater scrutiny.
In response, United States President Donald Trump wrote a lengthy post on Truth Social, describing the policy as “extraordinarily aggressive” and a “moral disgrace”. He also said a tariff of 100% will be imposed on Chinese goods from November 1, and the US “will impose Export Controls on any and all critical software.”
On another front of their economic relations, China’s commerce ministry added 14 foreig