Trump’s 100% Tariff Threat: A Brief History of US Trade Measures Against China

During a recent trade dispute, President Donald Trump threatened to impose a 100% tariff on Chinese goods entering the US in response to Beijing’s restrictions on rare earth exports. China accused the US of ‘double standards.’ China stated that the export control measures announced last week were in response to US restrictions on Chinese entities as well as targeting Beijing’s shipping, logistics, and shipbuilding sectors. The ongoing tensions have raised concerns about the impact on global trade and economic stability. With gold surpassing the $4100 mark and silver reaching new highs, the market is closely watching developments in the US-China trade relations. The threat of US sanctions has also led to worries about a potential decrease in Chinese oil production.