Trump slaps 100% tariff on Chinese imports

Business Oct 12, 2025

Donald Trump just announced a 100% tariff on Chinese imports, kicking in from November 1, as payback for China's new limits on exporting rare earth minerals.
These tariffs stack onto existing ones and are part of an ongoing trade spat between the US and China.

S&P 500 just took its biggest hit since April

China controls a significant portion of processed rare earths—key materials for tech and defense gear.
With both countries tightening the screws, global supply chains could get messy, impacting various industries.
Markets are already reacting: the S&P 500 just took its biggest hit since April.
Plus, all this tension could mean more trade drama ahead, so expect some economic turbulence that might even trickle down to your daily life.