Listeners, today’s update brings pivotal news in the ongoing trade drama between the United States and China, with former President Donald Trump’s legacy looming over tariff policy and current headlines shaping the future outlook.

New tariffs and export controls on Chinese goods and certain technologies are set to take effect on November 1, 2025, unless there is a last-minute breakthrough in negotiations. According to Mondaq, these pending measures reflect continued U.S. efforts to counter China’s industrial expansion and maintain leverage in trade talks. The Biden administration has not reversed Trump-era tariffs, and instead, has added further controls targeting Chinese semiconductors, solar components, and electric vehicles since 2024, intensifying pressure on critical sectors.

The tariffs first introduced by Trump in 2018 remain in force, with rates on hundreds of billions of dollars in Chinese imports still averaging 19% for manufactured goods and up to 25% on select electronics, steel, and machinery. Politico recently reported that bipartisan support for these tariffs persists in Congress as U.S. officials cite national security and supply chain resilience concerns.

Last week’s headlines on CNBC highlighted escalating tensions as Chinese officials criticized what they call “unfair trade practices,” warning of retaliation if new tariffs take effect. Investors and business leaders are bracing for volatility, with the National Retail Federation urging both governments to pursue a negotiated settlement to prevent price hikes and shortages in consumer goods ahead of the holiday season.

On the campaign trail, Donald Trump has promised even higher tariffs on Chinese goods if re-elected, telling Fox Business that a “100% tariff on critical Chinese imports” is necessary to protect American workers and end what he describes as “economic warfare.” Meanwhile, the U.S. Trade Representative’s Office signals readiness to enforce the scheduled increases set for November, unless China concedes to specific technology transfer and intellectual property demands.

In summary, U.S.–China tariff policy is at a critical crossroads. All eyes are on the November 1 deadline, with manufacturers, retailers, and tech companies monitoring for updates and preparing contingency plans. The Trump administration’s original framework remains the baseline, but new actions threaten further disruption.

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