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Tariff Hammer Backfire

Source:China.org.cn Published:2025-10-22 17:41

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The U.S. just threatened a 100% tariff on China, claiming "export controls on rare earths" as the reason. But before the hammer could hit, the blow landed at home — over $2 trillion vanished from U.S. markets in a single day, CNBC reports. When the hammer gets too heavy, it's not the target that falls first — it's the one swinging it.

Editor:Zhou Jinmiao