World

Trump floats new tariff threats amid US-China friction

Oct 13, 2025 United States

An additional 100% tariff on goods from China was announced to be imposed by US President Donald Trump, as a reaction to China’s move to expand its rare earth element export controls

These developments mark a significant escalation following months of a trade truce between the two countries. President Donald Trump has announced in Truth Social that an additional 100% tariff will be imposed on Chinese goods, on top of the existing 30% tariffs, starting next month or sooner.

“Starting November 1^st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying”, Trump said in a post on Truth Social Friday afternoon. “Also on November 1^st, we will impose Export Controls on any and all critical software.”

This latest announcement is in response to Beijing’s decision to ramp up export controls on critical rare earths – needed to produce many types of electronic – from the 1^stof December. China already dominates the global supply of these components. It has also announced export restrictions on EV battery technologies, which are due to take effect in November.

Although Trump does not always act on his threats, investors, consumers and businesses, including those in the footwear sector, still have reason to worry.

“This news poses a significant threat to US retailers and brands that still rely heavily on China for footwear production. China remains a dominant source for shoes imported into the US. Any disruption – whether tariffs, trade tensions, or logistics shocks – can quickly drive-up costs and create uncertainty for consumers”, said FDRA President & CEO Matt Priest.

“I hope President Trump considers how his trade decisions will impact families and the footwear industry ahead of the holiday season”, he concluded.

Image Credits: foxbusiness.com

China United States International Trade Tariffs Trade War Trump tariffs