Nasdaq 100: Trump’s China Export Threats and Earnings Misses Hit Tech Stocks
Is a fresh round of U.S.-China trade escalation brewing?
Sources briefed by U.S. officials revealed that the Trump administration is evaluating aggressive export controls on China, potentially blocking a wide array of items made with U.S. software—ranging from laptops to jet engines.
The plan, which could mirror export sanctions previously used against Russia, would respond to Beijing’s latest restrictions on rare earth element exports.
While the restrictions are not finalized, Trump’s comments this month—promising 100% tariffs and new controls by November 1—suggest a hardening stance.
On Tuesday, he said his meeting with Xi “maybe won’t happen,” adding uncertainty to a relationship already strained by trade and technology tensions. The potential for unilateral U.S. action has drawn criticism from China, which warned of retaliatory measures.
The development has shifted sentiment among traders, raising the risk of renewed trade barriers that could hit U.S. multinationals and disrupt global supply chains.