President Trump just went off on China in a new TruthSocial post, catching most of the world off-guard. While most assumed negotiations with China were moving along reasonably well, President Trump just told us that is far from the case. In fact, it sounds like things have imploded and all talks are off and a new round of painful tariffs are coming — among other things. Here was his post: And because that might be hard to read, here is the full text:   Donald J. Trump @realDonaldTrump Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China. Nobody has ever seen anything like this but, essentially, it would “clog” the Markets, and make life difficult for virtually every Country in the World, especially for China. We have been contacted by other Countries who are extremely angry at this great Trade hostility, which came out of nowhere. Our relationship with China over the past six months has been a very good one, thereby making this move on Trade an even more surprising one. I have always felt that they’ve been lying in wait, and now, as usual, I have been proven right! There is no way that China should be allowed to hold the World “captive,” but that seems to have been their plan for quite some time, starting with the “Magnets” and, other Elements that they have quietly amassed into somewhat of a Monopoly position, a rather sinister and hostile move, to say the least. But the U.S. has Monopoly positions also, much stronger and more far reaching than China’s. I have just not chosen to use them, there was never a reason for me to do so — UNTIL NOW! The letter they sent is many pages long, and details, with great specificity, each and every Element that they want to withhold from other Nations. Things that were routine are no longer routine at all. I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so. The Chinese letters were especially inappropriate in that this was the Day that, after three thousand years of bedlam and fighting, there is PEACE IN THE MIDDLE EAST. I wonder if that timing was coincidental? Dependent on what China says about the hostile “order” that they have just put out, I will be forced, as President of the United States of America, to financially counter their move. For every Element that they have been able to monopolize, we have two. I never thought it would come to this but perhaps, as with all things, the time has come. Ultimately, though potentially painful, it will be a very good thing, in the end, for the U.S.A. One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration. Thank you for your attention to this matter! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA The stock and crypto markets have absolutely imploded after the post went live: BREAKING: President Trump says new tariffs on China “under consideration” as relations turn “very hostile.”$SPY jumping off a cliff pic.twitter.com/Ip9vxlp1DL — TrendSpider (@TrendSpider) October 10, 2025 BREAKING: The S&P 500 falls 70+ points in seconds after President Trump publishes the below paragraph about China. Trump says he is calculating increased tariffs on Chinese products. Trump also says there is “no reason” to meet Chinese President Xi anymore. pic.twitter.com/fKPadrPefL — The Kobeissi Letter (@KobeissiLetter) October 10, 2025 NBC News added the following: President Donald Trump on Friday threatened a “massive” increase in tariffs on Chinese products, rocking markets and adding a fresh dose of uncertainty into trade relations between the world’s largest economies. China has become “very hostile” on trade matters, Trump said in a bombshell Truth Social post. “I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so.” The leaders were expected to announce a full-fledged trade deal at the meeting. On Thursday, China announced a series of new limits on the trade of rare earths and technologies related to them. A spokesperson for the Chinese Embassy in Washington, D.C., did not immediately respond to a request for comment on Trump’s post. The announcements from China and Trump were a sudden escalation of a trade war that had appeared to be cooling off. The perceived certainty of a forthcoming China deal had been pushing stocks higher. But the president’s Truth Social post Friday immediately sent U.S. stocks to session lows, with the S&P 500 falling more than 1% after trading earlier in positive territory. The Nasdaq, which contains many tech companies that do business in China, slid about 2%. China’s new trade regulations require foreign companies to get special approval to export items that contain even small traces of rare earths elements sourced from China. These critical minerals are needed in a broad range of products, from jet engines, radar systems and electric vehicles to consumer electronics including laptops and phones. China and the U.S. have held more than three rounds of trade talks this year, with rare earths, TikTok and tariffs featuring in the discussions. After talks in May in Geneva, the administration said China had decided to ease up on rare earth export controls. In June, the two sides met again in London, where they announced yet another agreement on the issue. After those talks, the U.S. said it expected the issue to be “resolved.”