China’s 500% tariff retaliation hits U.S. high-tech and defense sectors, threatening EVs, semiconductors, and national security supply chains.

Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. Earlier, markets in Asia dropped.

U.S. Trade Representative Jamieson Greer on Tuesday said it depended on China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but acknowledged it might be hard for Beijing to find an off-ramp.

President Trump has issued a new executive order that will escalate the trade war with China. President Trump says the United States will impose new tariffs of 100% on imports from China. Here's the entire post that the president made on his own social media platform announcing this news:

The president is threatening to widen his trade war against China as tariffs on timber, lumber, kitchen cabinets and other products took effect on Tuesday.

And back up goes Wall Street. U.S. stocks rallied Monday after President Donald Trump said ” it will all be fine ,” just days after he sent the market reeling by threatening much higher tariffs on China .