Donald Trump has announced the US will impose an additional 100% tariff on China imports, accusing it of taking an “extraordinarily aggressive position” on trade.

In a post to his Truth Social platform on Friday, the US president said Beijing had sent an “extremely hostile letter to the world” and imposed “large-scale export controls on virtually every product they make”.

Mr Trump, who warned the additional tariffs would start on 1 November, said the US would also impose export controls on all critical software to China.

The president added that he was imposing the tariffs because of export controls placed on rare earths by China.

He wrote: “Based on the fact that China has taken this unprecedented position, and speaking only for the USA, 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.

“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!”

Mr Trump said earlier on Friday that there “seems to be no reason” to meet with Chinese leader Xi Jinping in a scheduled meeting as part of an upcoming trip to South Korea at the end of this month.

He had posted: “I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems no reason to do so.”

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The trip was scheduled to include a stop in Malaysia, which is hosting the Association of Southeast Asian Nations summit, a stop in Japan and then the stop to South Korea, where Mr Trump would meet Mr Xi ahead of the Asia-Pacific Economic Cooperation summit.

Mr Trump added: “There are many other countermeasures that are, likewise, under serious consideration.”

The move signalled the biggest rupture in relations in six months between Beijing and Washington – the world’s biggest
factory and its biggest consumer.

It also threatens to escalate tensions between the two countries, prompting fears over the stability of the global economy.

Friday was Wall Street’s worst day since April, with the S&P 500 falling 2.7%, owing to fears about US-China relations.

China had restricted the access to rare earths ahead of the meeting between Presidents Trump and Xi.

Under the restrictions, Beijing would require foreign companies to get special approval for shipping the metallic elements abroad.

A senior Hamas official has thanked President Donald Trump for his role in securing a peace deal with Hamas.

In an exclusive interview with Sky News’ lead world news presenter Yalda Hakim, senior Hamas official Dr Basem Naim also warned that former UK Prime Minister Sir Tony Blair would not be welcome in any post-war role for Gaza.

Dr Naim said a ceasefire would not have been possible without President Trump, but insisted he needed to continue to apply pressure to Israel to stick to the agreement.

He added that Hamas would be willing to step aside for a Palestinian body to govern a post-war Gaza, but that they would remain “on the ground” and would not be disarmed.

Dr Naim said in the interview: “Without the personal interference of President Trump in this case, I don’t think that it would have happened to have reached the end of the war.

“Therefore, yes, we thank President Trump and his personal efforts to interfere and to pressure Netanyahu to bring an end to this massacre and slaughtering.”

He added: “We believe and we hope that President Trump will continue to interfere personally and to exercise the maximum pressure on [Israeli Prime Minister Benjamin] Netanyahu to fulfil the obligation.

“First, as according to the deal, and second, according to the international law as an occupying power, because I think without this, without this personal interference from President Trump, this will not happen.

“We have already seen Netanyahu speaking to the media, threatening to go to war again if this doesn’t happen, if that doesn’t happen.”

Dr Naim said that weapons would only be handed over to the Palestinian state, with fighters integrated into the Palestinian National Army.

He reiterated that Hamas would not disarm as this could not guarantee the safety of Palestine.

Dr Naim said: “Our weapons are going to be handed over only to the hands of a Palestinian state, and our fighters can be integrated into the Palestinian National Army.

“No one has the right to deny us the right to resist the occupation of armies.”

He added: “We are not going to be disarmed as long as we are not sure that this will lead, by any other means, to having an independent self state which is able to defend itself.”

But he criticised plans for Sir Tony to play any role in the future of Gaza, saying that Hamas and Palestinians were angered by his role in previous wars in Afghanistan and Iraq.

Dr Naim added: “When it comes to Tony Blair, unfortunately, we Palestinians, Arabs and Muslims and maybe others around the world have bad memories of him.

“We can still remember his role in killing, causing thousands or millions of deaths to innocent civilians in Afghanistan and Iraq.

“We can still remember him very well after destroying Iraq and Afghanistan.”

Under Mr Trump’s plans, Sir Tony would form part of an international supervisory body.

The international body, the Council of Peace or Board of Peace, would govern under plans approved by Mr Netanyahu.

The body would hold most power while overseeing the administration of Palestinian technocrats running day-to-day affairs.

It would also hold the commanding role of directing reconstruction in Gaza.

Dr Naim added that Hamas was satisfied Mr Trump’s plan would achieve peace in Gaza.

But he said it could never be fully satisfied after accusing Israel of genocide.

Israel has continually denied this, claiming it has been fighting Hamas terrorists to defend itself following the October 7 massacre in 2023.

On that day, Hamas gunmen stormed southern Israel killing 1,200 people and taking many Israelis hostage.

This is a historic moment for the Middle East. The coming days will be crucial. 

Critical for the immediate success of Donald Trump’s ceasefire plan. But also for hopes it could lead to something even more important, progress towards a broader peace.

There is plenty that could still go wrong. But so far so good.

Follow the latest updates on the Gaza ceasefire deal

Hamas seems ready to give up its hostages believing American assurances Israel will not start the war again when they have.

And Israel is withdrawing its forces on the lines outlined in the deal.

If the deal does hold then what next?

Here are the most pressing questions.

What becomes of Hamas? It is meant to disarm and not be part of any future government in Gaza. What if it goes back on that? What if it retreats to the shadows, regroups and rearms and goes back to its old ways?

Then, who is going to keep the peace? The plan is for an international peacekeeping force overseen by the Americans but not involving US troops on the ground, using soldiers from Arab countries and Turkey instead.

Will that force materialise and will it be effective? The history of peacekeeping operations in the region is not an encouraging one.

Then how is Gaza going to be run?

There’s been talk of a government of technocrats, people who know how to get things done, and of an oversight board run by President Trump, and of Tony Blair coming in as governor.

It will be a massive task. Rebuilding Gaza will cost billions of dollars and at the moment plans seem vague at best.

It could all come unstuck.

But then again, there are reasons for some optimism. Could this breakthrough lead to more sustained progress in efforts to build a lasting peace?

October 7th and the events that followed it including the Gaza war have changed so much in the Middle East.

Events have laid bare the utter futility of the past.

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Israel’s policy of dividing and ruling the Palestinians and weakening them so they could never form their own state has ended in tragedy and colossal failure.

Hamas has brought its people nothing but misery and carnage.

There is on both sides a yearning for a new start.

There is also an American president who is prepared to put massive pressure on Israel unlike his predecessors and who is hungry for peace.

The region is lining up to push the chances of peace. President Trump has galvanised the likes of Turkey, Egypt and nations in the gulf.

In Israel there may be a fresh start. Its hardline right-wing government might have to give way to new leaders with new ideas.

And the country most likely to wreck the chances of progress, Iran, is massively weakened, pummelled by Israeli air power, and its allies and proxies humbled.

We should not over-egg the chances of further progress. In this rough neighbourhood there is always a multitude of reasons why this multi-stage deal might still fall apart, let alone lead to a much bigger peace.

But there is a chance now. The past two years have broken up the Middle East and so many of its old rules of operating. Putting it back together offers an opportunity.

It will require a huge amount of political will and leadership but there is the chance however slim of remaking the region in a way that gives its people a better future.