Trump Warns China of 155% Tariffs Ahead of Trade Deal Deadline
U.S. President Donald Trump has threatened to impose tariffs of up to 155% on Chinese goods if a new trade deal isn’t reached by November 1. The bold statement came during a White House event on Monday, where Trump signed a critical minerals agreement with Australian Prime Minister Anthony Albanese, aiming to strengthen U.S.-Australia supply chain ties.
Trump’s warning signals a renewed hardline stance on China, a cornerstone of his previous administration’s trade policy. The proposed tariffs could escalate already-tense U.S.-China trade relations, potentially impacting global markets and supply chains. While Trump frames the threat as leverage to secure fairer trade terms, critics warn that such steep tariffs could lead to retaliation from Beijing and higher prices for American consumers.
As the U.S. heads toward the 2024 election, Trump’s tough talk on China may appeal politically, but risks serious economic fallout if implemented.
Trump Warns China of 155% Tariffs Ahead of Trade Deal Deadline
