Trump's 100% Tariff Plan Raises Stakes in U.S.-China Trade War

The escalating trade war between the United States and China has reached a critical juncture, with President Trump confirming plans for a 100% tariff on all Chinese imports. This aggressive stance is framed as a national security measure, particularly in response to China's export controls on rare earth minerals, which are crucial for many industries.

U.S. Treasury Secretary Scott Bessent has voiced concerns over China's tactics, anticipating potential backlash and emphasizing the need for self-sufficiency in essential materials.

The situation has triggered fears of disruptions in global supply chains, prompting calls for urgent dialogue among G7 nations. As tensions mount, both countries engage in strategic maneuvers, with China leveraging its control over rare earths and the U.S. considering investments to mitigate reliance on Chinese resources.