The threat by United States President Donald Trump to impose a 100% tariff on China has triggered a $1.65 trillion stock wipeout overnight.
The ink was barely dry on Trump’s Truth Social post when the world felt the quake—at 10:03 PM WAT on October 10, 2025.
President Trump declared war on Chinese imports with a 100% tariff, “over and above” existing rates, with effect November 1, 2025, (or sooner if Beijing retaliates).
This gut-wrenching response to China’s “extraordinarily aggressive” export controls on rare earth minerals and critical materials, 90% of global supply for EVs, phones, and defense has already wiped $1.65 trillion from U.S. stocks and $250 billion from crypto.
This feels like a sledgehammer to the economy: Nasdaq down 2.5%, Dow off 1.9%, gold spiking 1.3% to $3,650/oz as a haven. For crypto traders, this isn’t a headline, it’s the $2,000 hit to your table tomorrow.
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The Fiery Post: Trump’s “Unprecedented” Counterpunch
Trump’s raw Truth Social blast at 2:03 PM PDT (10:03 PM WAT): “It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on virtually every product they make… Based on the fact that China has taken this unprecedented position… the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying.”
Beijing’s curbs threaten tech, auto and defense sectors, rare earths power AI, renewables, and jets, risking a “moral disgrace” in global trade, as Trump calls it. This escalates the 2018 clash, where duties hit $300 billion in goods, but at 100%, it’s a nuclear option.
What the Tariffs Mean: Doubling Down on Protectionism
A 100% tariff means Chinese goods, everything from electronics to toys, face double the current 40-50% duties, making them prohibitively expensive for U.S. buyers. It’s Trump’s “America First” hammer: Protect domestic jobs and manufacturing by pricing out imports, but at the cost of higher consumer prices and disrupted supply chains. Rare earths alone (90% from China) could delay EV production and hike tech costs 20-30%, per Bloomberg analysts. This “reciprocal” policy matching China’s export controls, aims to force concessions, but history shows it fuels inflation and retaliation.
Why It Happened: China’s “Hostile” Export Controls Spark the Fire
Beijing’s move curbs on “virtually every product they make,” including rare earths vital for U.S. defense and tech, was the trigger. Trump’s post calls it a “plan devised years ago,” a “moral disgrace” affecting “ALL Countries.” China’s rare earth dominance (90% supply) is a leverage play, echoing 2010’s Japan embargo. With U.S.-China talks stalled, Trump’s 100% levy is a preemptive strike, risking the fragile truce from May 2025.
The Devastating Implications: $2,000 Hit to Households, Global Chaos
The fallout? Tax Foundation estimates $2,000 added to U.S. household bills, like 2018’s $1,300 sting from toys to TVs, prices rocket 10-20%. Supply chains snap: EV batteries, semiconductors, and renewables stall, costing jobs (245,000 lost in 2018, per Fed). Retaliation could ban U.S. soybeans or Boeing jets, slashing $1.7 trillion in GDP. Crypto bled $250 billion, but BTC’s 0.8% gain hints at a hedge, its borderless flow dodging duties. The ripple is immediate—costs climb, chains break, turning global trade into a battlefield.
“X” Reactions: From Panic to Bitcoin Hype
“X” lit up with fury and flight: @GavinNewsom raged: “The government is shut down and the stock market is crashing while our President plays games with our economy. Great work, @realDonaldTrump.” @SpectatorIndex screamed: “BREAKING: Over $1.5 trillion in value was wiped from the US stock market today,” with 199K likes. @DiscloseTV added: “JUST IN – Trump to impose 100% tariff on China starting November 1st on top of all current tariffs,” hitting 230K likes.
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The Verdict: Trump’s 100% Tariff Fury Is a Market Massacre—Bitcoin is Your Escape!
Trump’s 100% China tariffs from Nov 1 are a trade war apocalypse, erasing $1.65 trillion from stocks and $250 billion from crypto. #TrumpTariffs trend a doom or dodge? Share your strategy below, and subscribe for more crypto updates. In 2025, Bitcoin’s your tariff-proof armor!
Disclaimer: Informational only, not financial advice. DYOR and consult pros.
Angela Okafor is a lead reporter and journalist specializing in cryptocurrency and forex trading. Known for simplifying complex market trends into clear, engaging stories, she empowers readers to confidently navigate the fast-paced world of digital finance and global markets. She is dedicated to delivering actionable insights that inform, inspire, and drive smarter investing decisions.
