China says it is 'not afraid' of a trade war, in response to US 100% tariffs threat

China has responded to the threat of a 100% tariff on Chinese goods and a ban on critical software by the U.S., stating that it is not afraid of a trade war. The Ministry of Commerce of China emphasized the country's readiness to take corresponding measures to protect its interests if the U.S. persists with unilateral actions. The trade war began earlier this year, with both countries imposing tariffs on each other's goods. China's recent expansion of rare-earth controls could impact global chip-making supply chains, as it is a major supplier of rare-earth minerals. The move is seen as a bargaining chip in negotiations with the U.S., with both sides having time to discuss before the tariffs go into effect on November 1.