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Trump fires back at China’s rare earth mineral restrictions

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Trump fires back at China’s rare earth mineral restrictions Anthony Ha AM PDT · October 11, 2025 President Donald Trump declared Friday that he will impose a 100% tariff on all imports from China, while also imposing export controls on “any and all critical software” from the United States.

This is the latest move in what looks like an escalating trade conflict between the United States and China. In a Truth Social post announcing the tariffs, Trump also said this new tariff would be “over and above” any tariffs already imposed on Chinese imports. (CNBC reports that while U.S. tariffs on Chinese imports vary depending on the goods, the base tariff rate is already 40%.)

Earlier this week, China announced that it is tightening its export controls on rare earth minerals, requiring that foreign companies apply for a license if they want to export products with even a small amount of those minerals. China is the world’s largest producer of rare earth minerals, which are used in products critical to the tech industry, including semiconductors and solar panels.

In his post, Trump described China’s announcement as “absolutely unheard of in International Trade, and a moral disgrace in dealing with other Nations.”

“It is impossible to believe that China would have taken such an action, but they have, and the rest is History,” he wrote.

According to Trump, these new tariffs are set to take effect on November 1. After posting, Trump reportedly told

Stocks tumbled following Trump’s announcement, with the Dow Jones Industrial Average down 1.9% at market close on Friday, the S&P 500 down 2.71% and Nasdaq down 3.56%. Some tech companies were hit particularly hard, with Nvidia and Tesla both down around 5% at market close.

Techcrunch event Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025 Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch, and a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444. Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025 Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444. San Francisco | October 27-29, 2025 REGISTER NOW The news also affected the crypto markets, leading to liquidations that were reportedly 10x the dollar value of liquidations during the FTX collapse.

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Anthony Ha Anthony Ha is TechCrunch’s weekend editor. Previously, he worked as a tech

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