GREY BRIEFING #11: Trump reignites trade war – markets in shock

Welcome back to the eleventh GREY BRIEFING! Friday overshadowed everything else: Donald Trump announced a tariff hammer against China via Truth Social on October 10. From November 1, 2025, 100% punitive tariffs will apply to Chinese imports. Tariff hammer against Beijing Trump stated that the measure could also come into force earlier if China took "further hostile trade steps." In addition to import tariffs, he also plans new export restrictions on American software to prevent certain technologies from being supplied to China. The move is directly related to the latest Chinese export controls on rare earths. Trump described these measures as...