Tariff Turmoil Continues Between U.S. and China

The trade dispute between China the United States took a sharp turn as President Donald Trump announced plans for a 100 % tariff on Chinese goods.

Transcript

00:00China and the United States took a sharp turn as President Donald Trump announced plans for a

00:04100% tariff on Chinese goods and new export controls on advanced software. China responded

00:11with stern warnings and defended its rare earth export curbs. Beijing accused Washington of

00:17violating a recently struck trade truce and described the tariff threat as a double standard.

00:23U.S. tech stocks were hit especially hard as investors brace for a global supply chain shock.

00:28The timing is sensitive with the proposed meeting between Trump and China's President Xi Jinping

00:33carrying increased risk of derailment amid escalating economic tensions.

00:39Industry analysts warn the rare earths and critical minerals angle means it isn't just tariffs,

00:46it's a longer term contest over tech, defense supply chains, and strategic positions.