President Donald Trump has escalated trade tensions by threatening to impose 100% tariffs on China, citing Beijing's recent restrictions on rare earth exports crucial for American industries. This move, which could take effect as soon as November 1, has already led to a sharp decline in Wall Street, reflecting investor concerns over the potential economic fallout. The situation underscores the ongoing friction between the US and China, which could have significant implications for global trade and economic stability.

President Trump has declared a drastic 100 percent tariff on Chinese goods, a move prompted by China's increased control over critical minerals and rare earth elements. This decision, announced on Truth Social, is set to take effect on November 1 or sooner, and it highlights the escalating trade tensions between the U.S. and China. Such tariffs could have significant implications for both economies, affecting prices and availability of goods, and may further strain diplomatic relations.