New Excess Tariffs on China Hurting the US Markets - Trade War

The Trump administration is raising tensions with potential new HIGH tariffs against China thus disrupting global trade impacting the world economy.

The new high U.S. tariffs on Chinese goods were set to begin November 1, 2025—are escalating trade tensions and already impacting both China’s economy and American farmers, especially soybean producers.

Here’s a breakdown of the key effects:

• Export Slowdown: The tariffs target a wide range of Chinese imports, raising total dues on goods to a record high. This is expected to significantly reduce Chinese exports to the U.S., especially in sectors like electronics, furniture, and machinery.

• Economic Retaliation: China, which controls about 70% of global scarce resource production, has responded by expanding export controls on rare earth elements and refining technologies—materials critical for semiconductors, EVs, and defense systems.

• Tech Sector Pressure: The U.S. is also imposing export controls on “any and all critical software,” which could disrupt Chinese access to essential U.S. technologies.

• Global Trade Fallout: China’s aggressive export curbs have drawn criticism from multiple countries, not just the U.S., potentially isolating Beijing further in global trade networks…