US-China Relations

Asian Markets Fall as US-China Trade Tensions Rise

Published

By James Lin/Chris Gorin

Open in App

US President Donald Trump left room to adjust planned 100% tariffs on China set for November—even as Beijing rolled out export controls on rare earths. Asian stock markets fell as trade tensions rose over the past several days, though some analysts call the moves negotiating tactics. Taiwan officials say direct impacts on semiconductors appear limited for now but tighter controls and tariffs could hasten a broader shift in global supply chains.