The Trump administration is reportedly considering a significant escalation in trade tensions with China. The plan is to curb a wide range of software-powered exports to China, from laptops to jet engines.

This potential action, which could affect the import of several items, is being weighed as a retaliation against Beijing's latest round of rare earth export restrictions, Reuters reported.

On October 10, Trump took to social media to announce that he would impose additional tariffs of 100% on China's US-bound shipments , along with new export controls on “any and all critical software” by November 1. However, he did not give any further details at the time.

What does this mean for China?

The consideration of these controls signals that the administration is weighing a dramatic es

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