On October 9, China tightened the export of rare minerals (real earth materials). In response, Trump added new taxes.
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US President Donald Trump has announced that he will impose 100% tariffs on China. There was already a 30 percent tariff on goods coming from China to the US.
Now with the new addition, 130 percent tax will be levied on goods exported from China to America. Trump announced on Friday that the new tax will be effective from November 1.
He has also talked about controlling the export of all important software from November 1. He wrote on his social network Truth Social, "It will cause problems for almost every country in the world." Trump has added new taxes in response.
Under this policy of China, foreign companies using Chinese minerals or technology will have to get a license. China has said that it will not even give this type of license to a company linked to a foreign military.
