Reports

Trump imposes extra 100 PERCENT tariff on China sparking frantic Wall Street sell-off

Donald Trump has announced a further 100 percent tariff on all Chinese goods in addition to duties already imposed in a brutal escalation in the president’s trade war.

Trump said that China had threatened to ‘impose large scale export controls on virtually every product they make’ and in response the US ‘will impose a tariff of 100 percent on China, over and above any tariff that they are currently paying.’

The president said export controls would also be imposed on any critical software starting on the same day, November 1. 

‘It is impossible to believe that China would have taken such an action, but they have, and the rest is history,’ he added. 

Donald Trump returns to the Oval Office from Marine One on the South Lawn of the White House in Washington, DC, on Friday

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