US-China tariff war escalates fully! Today, October 12, Taiwan Central News Agency commented: "A single order from US President Trump has officially entered a new phase in the tariff war between the world's two largest economies, spreading fully from trade, technology to rare earth resources."
Just after the National Day holiday, China responded with a thunderous move —— within one day, it issued six announcements, not only significantly expanding the scope of control, but also increasing the intensity of control, by strengthening export controls on related items such as rare earths, accurately hitting the core pain points of the US technology industry. At the same time, Trump announced that starting November 1, a 100% tariff will be imposed on China, and the situation suddenly became tense.
Face with the continuous suppression from the US side, China's decisive countermeasures clearly conveyed its position: In this tariff and trade confrontation, China's determination to stand firm is always firm, and it will never compromise under pressure from the United States.
Original text: www.toutiao.com/article/1845714045862920/
Statement: The article represents the views of the author himself.