The United States has announced an additional 100% tariff on imports from China, effective November 1. This measure raises the total US tariff on Chinese goods to 130%, enacted as a financial countermeasure following China’s imposition of new restrictions on rare earth exports.
Concurrently, the US plans to implement export controls on critical software, also commencing November 1. This action takes place despite a trade deal agreed upon by both nations earlier in the year. When questioned about the potential revocation of these tariffs should China reverse its rare earth policies, a US representative stated that the situation would be subject to review. India is not anticipated to experience direct impacts from these new tariffs.
Source: https://www.livemint.com/news/us-news/trump-slaps-100-percent-extra-tariffs-china-rare-earth-who-will-be-impacted-how-global-markets-reacted-all-faqs-answered-11760151221617.html