Donald Trump has introduced the US will impose a further 100% tariff on China imports, accusing it of taking an “extraordinarily aggressive position” on commerce.
In a put up to his Fact Social platform on Friday, the US president stated Beijing had despatched an “extremely hostile letter to the world” and imposed “large-scale export controls on virtually every product they make”.
Mr Trump, who warned the extra tariffs would begin on 1 November, stated the US would additionally impose export controls on all vital software program to China.
The president added that he was imposing the tariffs due to export controls positioned on uncommon earths by China.
He wrote: “Based mostly on the truth that China has taken this unprecedented place, and talking just for the USA, and never different nations who have been equally threatened, beginning November 1st, 2025 (or sooner, relying on any additional actions or modifications taken by China), the USA of America will impose a tariff of 100% on China, over and above any tariff that they’re at the moment paying.
“It is impossible to believe that China would have taken such an action, but they have, and the rest is history. Thank you for your attention to this matter!”
Picture:President Trump says he sees no motive to see President Xi as a part of a visit to South Korea. Pic: Reuters
Mr Trump stated earlier on Friday that there “seems to be no reason” to satisfy with Chinese language chief Xi Jinping in a scheduled assembly as a part of an upcoming journey to South Korea on the finish of this month.
He had posted: “I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems no reason to do so.”
The journey was scheduled to incorporate a cease in Malaysia, which is internet hosting the Affiliation of Southeast Asian Nations summit, a cease in Japan after which the cease to South Korea, the place Mr Trump would meet Mr Xi forward of the Asia-Pacific Financial Cooperation summit.
Mr Trump added: “There are many other countermeasures that are, likewise, under serious consideration.”
The transfer signalled the most important rupture in relations in six months between Beijing and Washington – the world’s largest manufacturing facility and its largest shopper.
It additionally threatens to escalate tensions between the 2 nations, prompting fears over the steadiness of the worldwide financial system.
Please use Chrome browser for a extra accessible video participant
4:00
4:00Sky’s Siobhan Robbins explains why Donald Trump didn’t obtain the Nobel Peace Prize
Friday was Wall Avenue’s worst day since April, with the S&P 500 falling 2.7%, owing to fears about US-China relations.
China had restricted entry to uncommon earths forward of the assembly between Presidents Trump and Xi.
Beneath the restrictions, Beijing would require overseas corporations to get particular approval for delivery the metallic parts overseas.
