1. President Donald Trump has announced a 100% tariff on all imports from China, effective November 1, and export controls on critical U.S. software, escalating the trade conflict with China.
2. China has tightened its export controls on rare earth minerals, requiring foreign companies to apply for a license to export products containing these minerals, used in tech industry products.
3. Trump's announcement of tariffs led to significant drops in stock markets (Dow Jones, S&P 500, Nasdaq) and crypto markets, resulting in substantial liquidations.