The president of the United States, Donald Trump, has decided to impose starting November 1 an onerous 100% tariff on Chinese imports, seeking to counter what he regards as an "extremely hostile" trade stance by Beijing. In a message posted on his Truth Social network, Trump accused China of planning large-scale export controls on a variety of products, including those goods that the country does not manufacture, a move that, according to him, will affect all nations without exception.
Against this backdrop, the president also announced that the United States will implement export restrictions on critical software originating in China. Trump described these actions as 'shameful' in the business sphere and emphasized that his decision not to meet with Chinese President Xi Jinping during the upcoming APEC summit stems from the gravity of the situation. This tense trade confrontation intensifies after promises of significant measures in response to Beijing's recent decisions, which could further exacerbate global competitiveness and the global economic dynamics.
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