trade war – One America News Network

TOPSHOT - An aerial view shows cargo containers stacked at a port in Shanghai on April 20, 2025. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

China vows to retaliate if Trump doesn’t walk back 100% tariff threat as trade war heats back up

The Chinese government vowed to retaliate against the United States if President Donald Trump does not walk away from his threat of imposing 100% tariffs on Chinese imports due to Beijing’s newly introduced restrictions on rare earth exports.

TO GO WITH China-Japan-technology-commodities FOCUS by D'Arcy Doran In a picture taken on September 5, 2010 a man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, east China's Jiangsu province, for export to Japan. China's restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, experts say. China last year produced 97 percent of the global supply of rare earths -- a group of 17 elements used in high-tech products ranging from flat-screen televisions to iPods to hybrid cars -- but is home to just a third of reserves. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China restricts rare earth exports as Trump vows strong response, reigniting trade tensions

President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.

A woman works at a texile factory in Siyang County of Suqian municipality in east China's Jiangsu province on December 24, 2024. China will raise its deficit in order to boost spending next year, its finance minister said on December 24 according to state media, as Beijing looks to prop up its struggling economy. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

Chinese Exports Into U.S. Drop Dramatically

Imports of Chinese goods into the United States have declined sharply due to President Trump’s tariffs, prompting concerns among analysts about potential supply shortages for certain products.