U.S. to impose extra 100% tariff on China Nov. 1
President Donald Trump announced the U.S. will impose an additional 100% tariff on imports from China effective Nov. 1, escalating trade tensions after a sharp stock-market selloff. The move marks a shift from prior threats to a formal policy action that could significantly affect U.S. prices, supply chains and markets.
Economy
International
📌 Key Facts
- Announced by President Trump; applies to imports from China
- Effective date set for Nov. 1
- Announcement came after heavy losses in U.S. stock markets
📊 Analysis & Commentary (1)
A Tax-Reform Alternative to Trump’s Tariffs
"Paul Ryan and Kyle Pomerleau argue that, with the Supreme Court poised to rule on the legality of President Trump’s tariff authority, the administration should abandon unilateral tariffs in favor of a congressional destination‑based cash‑flow tax (DBCFT) that would address trade concerns, raise revenue, and be legally and economically preferable."