Pakistan, Oct. 11 -- The U.S.-China trade conflict has escalated as President Donald Trump announced a 100% tariff on Chinese imports. The new tariffs and export controls will take effect next month. Trump said the moves protect U.S. economic and security interests amid growing hostility from China. He accused Beijing of trying to "hold the world captive" through aggressive tactics.

Trump's announcement shook U.S. financial markets, with the S&P 500 dropping 2.7%, its largest decline since April. He hinted at canceling a planned meeting with Chinese President Xi Jinping but later clarified he would attend. This sharp escalation reverses a May trade detente when both countries agreed to ease tariffs.

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