1. President Donald Trump announced a 100% tariff on all imports from China, along with export controls on critical U.S. software, intensifying the ongoing trade conflict between the U.S. and China.
2. China has tightened its export controls on rare earth minerals, requiring foreign companies to apply for licenses before exporting products containing these minerals, essential for tech industry products.
3. Trump's announcement led to significant stock market losses, with the Dow Jones, S&P 500, and Nasdaq all experiencing drops of 1.9%, 2.71%, and 3.56% respectively, while crypto markets also experienced turbulence, leading to high levels of liquidations.