Chinese imports, potentially escalating tariff rates close to levels that in April fanned fears of a global recession. US President Donald Trump has threatened to impose an additional 100% tariff on Chinese imports starting on 1 November or sooner, potentially escalating rates after months of a trade truce between the two countries. In a post on Truth Social, Trump also said his administration "will impose export controls on any and all critical software." Trump expressed frustration with China after it placed new export controls on rare earth elements, which are needed in a broad range of products, from jet engines, radar systems and electric vehicles to consumer electronics including laptops and phones. Trump called the move "extremely hostile" and suggested he may call off a meeting scheduled with Chinese leader Xi Jinping later this month in South Korea. He said on social media that "there seems to be no reason" to meet with Xi. He later told reporters that while he had not cancelled his meeting, he doesn't "know that we're going to have it," adding that "I'm going to be there regardless, so I would assume we might have it." (Euronews)