China tightens rare-earth exports; Trump threatens 100% tariffs on all Chinese goods

What happened:

China expanded export controls on rare-earth metals and certain refining tech. Hours later, President Trump threatened a 100% tariff on all Chinese imports as soon as 1 November, and hinted at new U.S. export curbs on critical software. U.S. equities sold off sharply on the headlines.

Why it matters for markets:

Rare earths feed EV motors, electronics, defense and aerospace. Tighter Chinese controls plus broad U.S. tariffs raise input costs, stress supply chains and may accelerate onshoring across critical materials and manufacturing.

Winners

Group: U.S. rare-earth miners and processors

Reason: Potential substitution away from China; policy support and pricing pow ...