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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“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, and some not even made by them. This affects ALL Countries, without exception, and was obviously a plan devised by them years ago. It is absolutely unheard of in International Trade, and a moral disgrace in dealing with other Nations.
Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying. Also on November 1st, we will impose Export Controls on any and all critical software.
It is impossible to believe that China would have taken such an action, but they have, and the rest is History. Thank you for your attention to this matter!
DONALD J. TRUMP
PRESIDENT OF THE UNITED STATES OF AMERICA”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s announcement of imposing a 100% tariff on China and export controls on critical software could lead to significant volatility in the stock market. Companies like Apple Inc, Intel, and Taiwan Semiconductor Manufacturing Company Limited might face increased production costs and supply chain disruptions, potentially impacting their stock prices negatively. Additionally, ETFs such as the Industrial Select Sector SPDR Fund, Technology Select Sector SPDR Fund, iShares MSCI China ETF, and Vanguard Information Technology ETF could experience fluctuations due to their exposure to affected sectors and companies.
Here are some of the stocks that might be affected:
Apple Inc ((AAPL)),
Intel ((INTC)),
Taiwan Semiconductor Manufacturing Company Limited ((TSM)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
iShares MSCI China ETF ((MCHI)),
Vanguard Information Technology ETF ((VGT)).