Trump announced a 100% tariff on Chinese imports. You will pay the price.

President Donald J. Trump today announced that the United States would impose a 100% tariff on all Chinese imports, effective November 1st, 2025, marking the escalation of the trade conflict between the United States and the People's Republic of China, but the ultimate bearer of the price of these duties will be you, the consumer.

U.S. President Donald J. Trump, Fox News.

The tariffs have come after the Chinese government imposed significant restrictions of the export of raw materials like gold, iron, and copper. These materials are fundamental for the production of technology, computers, electronics, chips, electric vehicles, and defense systems. Trump, in response, labeled the restrictions as a "moral disgrace" and "extraordinarily aggressive" as a trade tactic. He even made the assertion that the Chinese government has been planning such a fiery response to the Trump trade war for years, potentially as early as his first administration.

The 100% tariffs have been accompanied by the president's suggested refusal from coming to a planned Asia-Pacific Economic Cooperation (APEC) forum summit with Chinese President Xi Jinping in South Korea. Clearly, both diplomatically and economically, the relationship between the United States and China has gotten even more deteriorated in recent months.

In fact, many stocks on Friday plummeted in reaction to the events. Many indexes like the Nasdaq Composite reversed many of their gains from earlier this week.

With trade talks before said to have been ongoing, with the President promising progress, especially in regard to the transfer of private ownership of TikTok, this move may lead to the end of such progress. Craig Singleton, a China expert at the Foundation for Defense of Democracies, stated "Trump's post could mark the beginning of the end of the tariff truce." And J.P. Morgan global research from August with lower tariff rates than now reported that businesses and consumers will be greatly affected. Now, imagine the impact a 100% flat tariff on the nation's largest importer could have on everyday Americans.

It is evident that the President's newfound tariff hikes will directly affect the price of products for many consumers, from technology to imported goods from China. Indeed, a 100% tariff rise would lead to a doubling in the cost of goods, or potentially more due to subsequent supply shortages and disruptions due to trade barriers.