On October 11, 2025, President Donald Trump declared a sweeping 100% tariff on all imports from China, marking a significant escalation in the ongoing trade conflict between the two nations. This announcement came shortly after China tightened its export controls on rare earth minerals, which are essential for various tech products, including semiconductors and solar panels. Trump criticized China's actions as unprecedented and morally unacceptable in international trade. The tariffs are set to take effect on November 1, although Trump indicated that they could be reconsidered. The immediate market reaction was negative, with major U.S. stock indices experiencing sharp declines, particularly in tech stocks like Nvidia and Tesla. The situation has raised concerns about the broader implications for the global economy and the tech sector, especially given the critical role of rare earth minerals.