US President Donald Trump warned that tariffs on Chinese goods will reach about 155 percent starting November 1 unless a trade deal is finalized, according to details received by The Chenab Times.
Trump made the statement to reporters in the Oval Office on Tuesday, escalating tensions in the ongoing US-China trade dispute. “China’s paying 55 percent and a potential 155 percent come November 1 unless we make a deal,” he said, as reported by NDTV. The proposed hike combines existing duties with an additional 100 percent tariff, which Trump described as unsustainable for China.
The announcement comes ahead of Trump’s planned meeting with Chinese President Xi Jinping in South Korea. Trump emphasized his desire to be “nice to China” but stressed the need for a resolution to address trade imbalances and practices like export controls on rare earth minerals. “I want to be nice to China but they have been very rough,” he added, according to Business Standard.
The threat follows a series of tariff escalations since 2018, with US duties on Chinese imports currently averaging around 19 percent. China has retaliated with tariffs on American agricultural products and other goods. Global markets reacted with declines, including a drop in the Dow Jones Industrial Average.
Information was available with The Chenab Times. No immediate response from Beijing was reported, though officials have previously indicated openness to negotiations while defending their policies.
Global Affairs Desk at The Chenab Times covers international developments, global diplomacy, and foreign policy issues through fact-based reporting, explainers, and analytical pieces. The desk focuses on major geopolitical events, diplomatic engagements, and international trends, with an emphasis on verified information, multiple perspectives, and contextual understanding of global affairs.
