Trump accused China of seeking to 'hold the world captive' with new export controls on rare earth minerals, vowing the United States will respond.

China has warned it will take countermeasures if  Donald Trump, United States president goes ahead with his threat to impose

China on Sunday slammed the United States for its “double standards” after US President Donald Trump announced fresh 100 per cent tariffs on Chinese goods.

China on Sunday suggested it could take countermeasures if the United States imposes an additional 100 percent tariff on imports from the Asian country, possibly on Nov. 1, saying threats of high tariffs are "not the right way to get along.

The United States of America will slap an additional 100% tariff on imports from China and impose export controls on all critical U.S.-made software from November 1, President Donald Trump said on Friday.

“China hasn’t purchased any soybeans from the United States this year, thanks to the president,” said Streff, who farms near Salem. “Our beans are the cheapest in the world, by about $2 a bushel, but this trade war is keeping them out of China — our biggest customer.”