Trump's tariffs 100% nuclear bomb dropped! The killer move in November may be advanced, and the ceasefire is completely over.

Trump's tariff policy has taken a sharp turn, announcing an additional 100% levy on Chinese goods starting November 1, which may be implemented earlier. Trump's tariff retaliation against China includes the most severe rare earth ban in history, with the Dow falling 1.9% and the Nasdaq plummeting 3.5%, raising concerns about the potential collapse of the Xi-Trump meeting. Analysts warn that Trump's tariffs mark the end of the “tariff truce,” and both sides have loaded their economic weapons.

Trump Tariff Nuclear War Declaration: To be implemented on November 1 or earlier

On October 10, U.S. President Trump issued a shocking statement on the Truth Social platform, announcing that starting from November 1, 2025, or earlier, an additional 100% Trump tariff would be imposed on imported goods from China. This Trump tariff policy will be implemented on top of existing tariffs, meaning that the total tariff on Chinese goods could exceed 175%, almost equivalent to an economic blockade. The announcement of the Trump tariff immediately triggered severe turmoil in global financial markets, with the Dow Jones Industrial Average experiencing a big dump of 1.9%, the S&P 500 falling 2.7%, and the Nasdaq Composite Index plunging 3.5%, marking the largest single-day drop since April 10.

The direct trigger for Trump's tariffs was China's announcement on Thursday of the most stringent rare earth export controls in history. The new regulations require foreign companies to obtain special approval to ship rare earth metals overseas, establish a licensing system for exports involving rare earth mining, smelting, and recycling technologies, and clearly state that any export applications related to military uses will be rejected. Trump expressed extreme dissatisfaction with this, criticizing China for “becoming increasingly hostile” and accusing it of “putting the world in a passive position by restricting the supply of metals and magnets used in technologies for electronic products, chips, lasers, and jet engines.”

The threat of Trump's tariff policy lies not only in the tax rate itself but also in the uncertainty of its implementation timing. Trump emphasized that if China takes further actions or policy adjustments, the Trump tariffs might be implemented ahead of November 1. This “possible early” statement makes it difficult for businesses to determine how long the buffer period is, complicating supply chain planning significantly. The Trump tariffs are also accompanied by other countermeasures, including export controls on all key software and the consideration of banning Chinese flights from crossing Russian airspace.

Trump's tariffs hit tech giants hard: Apple and Nvidia suffer heavy losses

Trump's tariffs have an immediate impact on the technology industry. Major tech stocks have generally plummeted, with Amazon, Tesla, and Nvidia experiencing a big dump of about 5%, and Apple falling by 3.45%. These companies heavily rely on Chinese manufacturing and Supply Chain, and Trump's tariffs will directly increase their production costs. The NASDAQ Golden Dragon China Index closed down over 6%, with Alibaba and Baidu both dropping over 8%, and Bilibili plummeting 9%, reflecting investors' extreme concerns about the impact of Trump's tariffs on Chinese concept stocks.

According to a report by Freight Waves, Trump's tariffs will force many American companies to face soaring costs and shipping delays, and they must look for alternative suppliers in Mexico, India, or Southeast Asia. Imports of containers from China account for about 40% of all incoming freight volume in the United States, and Trump's tariffs may lead to a significant drop in this proportion, triggering cancellations, vessel capacity idling, and fluctuations in freight rates. Freight forwarders indicate that shippers need to be proactive in addressing Trump's tariff issues.

Trump Tariffs and the Xi-Trump Meeting: Cancel or Pressure?

After the announcement of Trump's tariffs, Trump initially stated that there was “no reason” to meet with China's top leader during his upcoming trip to South Korea. However, when pressed by reporters, Trump’s tough stance on tariffs seemed to soften again; he backtracked, saying, “There is no cancellation of the meeting, I will go to South Korea regardless, so I guess we might still hold the talks.” This back-and-forth has left the public confused: are Trump's tariffs a bargaining chip or a real economic sanction?

Former Assistant U.S. Trade Representative for China, Jeff Moon, believes that despite the heightened tensions from Trump's tariffs, both sides actually hope to hold a summit to reach an agreement, because “there are no winners in a trade war.” Sun Yun, Director of the China Program at the Stimson Center in Washington, pointed out that Beijing's actions are a response to recent U.S. sanctions, and there is still room for de-escalation to keep the possibility of a meeting. However, Craig Singleton, Senior Director at the Foundation for Defense of Democracies, warned that Trump's tariffs may mark the end of the “tariff truce,” as “both countries are simultaneously picking up their economic weapons, and neither side seems willing to back down.”

Georgetown University researcher Cole McFaul stated that Trump's tariff remarks seem to be preparing for negotiations, but from Beijing's perspective, they believe they have “made more concessions” in past negotiations and are now more confident in their response to the Trump administration. This confidence may make China less willing to back down under Trump's tariff threats.

The Harsh Reality of Trump's Tariffs: Double Blow to Supply Chain and Market

Once Trump tariffs are implemented, data from the U.S. Census Bureau shows that the trade volume of goods between the U.S. and China has been about $420 billion to $440 billion so far this year, and the Trump tariffs will directly affect this massive flow. The main imported products in the U.S. include electronics, machinery, furniture, and consumer goods, and the Trump tariffs will double the costs of these products. Ben Bidwell, Senior Director of Customs and Compliance at CH Robinson, stated, “It is clear that the Trump tariffs will continue to exist, and shippers must actively respond.”

Gracelin Baskaran, director of the Critical Minerals Security Project at CSIS, pointed out that China controls about 70% of global rare earth mining and 93% of permanent magnet production. Although Trump's tariffs punish Chinese exports, they cannot resolve the U.S. reliance on rare earths. She stated, “These restrictions weaken the United States' ability to develop an industrial base and serve as a robust negotiating tool.” The confrontation between Trump's tariffs and rare earth controls is essentially an asymmetric game between two economic superpowers.

Earlier this year, the United States imposed a total tariff of 145% on Chinese goods, to which China retaliated with a 125% tariff. After negotiations in Switzerland and the UK, both sides reduced the tariffs to 30% and 10%, reaching a “tariff truce.” However, the announcement of Trump's new tariff policy may signal the end of this brief truce. Analysts warn that the escalation of Trump's tariffs will plunge US-China relations into a more dangerous spiral, with the risks already very clear: the economic damage inflicted by both sides will no longer be just a threat.

Trump's tariffs have similarly dealt a heavy blow to the cryptocurrency market, causing Bitcoin to fall to $102,000, with $19.27 billion liquidated in the past 24 hours. The geopolitical uncertainty triggered by Trump's tariffs has put pressure on all risk assets, prompting investors to flee to cash and traditional safe-haven assets. The next three weeks will be a critical observation period; whether Trump's tariffs will indeed be implemented on November 1 and whether the Xi-Trump meeting can save the situation will determine the fate of the global market.