Trump said the U.S. will impose a 100% tariff on China "over and above any Tariff that they are currently paying."

The United States could impose export controls on Boeing plane parts as part of Washington's response to Chinese export limits on rare earth minerals, President Donald Trump said on Friday.

China tightens export restrictions on rare earth materials and technologies, expanding controls to foreign companies and nationals in a move to strengthen its global strategic leverage.

The 100% duties will begin Nov. 1 and stack on existing levies, the president said Friday, seemingly squashing a monthslong trade truce.

China has further tightened export restrictions on rare earths ahead of talks between Presidents Donald Trump and Xi Jinping at the end of the month.

The GAIN AI Act, which forces chip manufacturers to prioritize U.S.-based customers, made its way into the Senate’s final National Defense Authorization Act text.

This move could disrupt global supply chains, drive up prices, and have ripple effects across financial markets.

China bought about $38 billion worth of sophisticated chimaking equipment from the U.S. and its allies last year due to gaps in efforts to curb manufacturing, a bipartisan report by U.S. lawmakers has found.

The announcement from China clarifies and expands the sweeping controls announced in April. Read more at straitstimes.com. Read more at straitstimes.com.

China said on Thursday it planned to add five more rare earth elements and related materials to its export controls list, tightening its grip on the sector ahead of talks between Presidents Donald Trump and Xi Jinping.

Beijing's export control on some high-end lithium-ion batteries, cathodes and graphite anode material as well as technological know-how will require exporters to seek permits and set to take effect from November 8, per a Ministry of Commerce statement on Thursday.