100% Tariff Incoming: Trump Announces November Hike on China

WikiFX

| 2025-10-13 12:22

Abstract：The U.S. will impose an additional 100% tariff on Chinese imports starting Nov. 1, 2025—potentially earlier—alongside new export controls on “critical software,” escalating tensions after Beijing’s rare-earth curbs, new port fees, a Qualcomm probe, and a halt to U.S. soybean purchases. Stocks fell on the news. Key context: some U.S.-China tariffs remain paused until Nov. 10, a Supreme Court case could reshape Trump’s tariff authority, new U.S. duties on cabinets (Oct. 1) and wood products (Oct. 14) are in force, and a pause on Mexico tariffs is set to end next month.

WhatsApp Image 2025-10-13 at 12.26.29 PM.jpeg

Trump Announces 100% Tariff on Chinese Goods Starting Nov. 1, 2025

President Trump said Friday the U.S. will impose an additional 100% tariff on Chinese imports beginning November 1, 2025, escalating trade tensions with Beijing. In a post on Truth Social, he called Chinas recent trade stance “extraordinarily aggressive,” citing new export controls set to take effect next month that he said impact multiple countries and are a “moral disgrace.”

Trump added the tariff start date could be moved forward depending on China‘s response. He also said new U.S. export controls aimed at restricting China’s access to “critical software” will take effect on the same day in November.

Earlier Friday, Trump warned of a “massive increase” in duties and suggested he may cancel a planned meeting later this month with Chinese leader Xi Jinping.

What prompted the move

The president pointed to several recent Chinese actions:
Fresh curbs on exports of rare earth minerals
New port fees on U.S. ships
An antitrust probe into Qualcomm (QCOM)
A halt to purchases of U.S. soybeans
He described these steps as signs China has become “very hostile.”

Market reaction

U.S. stocks fell Friday after the tariff threat, reflecting investor concern over renewed trade frictions.
The broader tariff backdrop
Some U.S. tariffs on Chinese goods—nearly 145% in certain categories—are paused until Nov. 10 as both sides work on a broader deal.
Chinese tariffs on U.S. goods rose to 125% before the pause.

Whats next

Supreme Court test: Early next month, the U.S. Supreme Court will hear a case challenging Trump‘s “reciprocal” country-by-country tariffs. Lower courts have ruled against those duties; if the Supreme Court agrees, it could reshape Trump’s tariff strategy and the revenue tied to it.

New U.S. duties in October:

Kitchen cabinets and vanities: effective Oct. 1
Timber and certain wood products (including furniture): effective Oct. 14

Mexico pause ending: A U.S. pause on tariffs for Mexican goods is also set to expire early next month.

The administration is signaling a harder line on trade with China—backed by a 100% tariff and new export controls—while legal and diplomatic cross-currents (including a pending Supreme Court case and ongoing negotiations) could still shift the path ahead.

Inflation Spot Market Liquidity interest rates inflationary Non-farm payrolls Stock Market News Breaking News

EPFO Shutdown Alert: What Happens to Your PF Claim Between June 26-28?

The Employees’ Provident Fund Organisation’s website will be temporarily unavailable for three days from June 26-28, 2026, due to a scheduled system migration. The retirement body has intimated its over 290 million subscribers through a pop-up alert on the portal. It is titled - Important Notice: Scheduled System Migration and Temporary Service Unavailability. The EPFO expects users to maintain patience during the scheduled downtime.

Original 2026-06-25 22:33

IUX Review:Before Investing a Single Penny, Read These Jaw-Dropping Deposit & Withdrawal Experiences

IUX, despite having an operational presence for approximately a decade, continues to face allegations from users regarding its several trading aspects. These include complaints on withdrawal processing, deposit failure, and even wide slippages that eat into users’ margins. For some, withdrawals were never executed, for others, withdrawal processing remained only on paper. On the other hand, some’s deposits fail to show on the IUX login even after 45 days of the transaction initiation date. Concerned by these seemingly suspicious trading incidents, users hit out on several review platforms such as WikiFX. This IUX review examines these user allegations while providing a regulatory framework the broker adheres to.

Original 2026-06-25 21:13

ForexDana Review 2026: Traders Report Losses—But What Happened Behind the Trades?

A brokerage operation history of over six years without any clarity of the accounts offered. This stunning fact allegedly applies to ForexDana. While this has been a major concern on the transparency front, user experiences concerning suspicious deposit failures and trade manipulation have not been good for the broker’s reputation either. In this ForexDana review, we have attempted to find the reason behind the growing user frustration, not only through their complaints but also what possibly could have led to these complaints. Yes, you heard it right! We are going to probe the ForexDana regulation status. This will help you make the right financial decision.

Original 2026-06-24 19:33

Indian Stocks Rally, but the Rupee Breaks a Six-Day Winning Streak—What's Behind the Sudden Reversal

Indian stock indices today, i.e., June 22, 2026, recorded growth, with the BSE Sensex rising 297.11 points to 77,094.07, recording a 0.38% jump. On the other hand, the NSE Nifty hit approximately 24100, largely aided by broad-based purchases across sectors, except for consumer durables and fast-moving consumer goods (FMCG). The Nifty grew by 89.80 points (0.37%+) to 24,102.90.

Original 2026-06-22 21:38