U.S. President Donald Trump, on Oct. 20, warned that his administration could impose tariffs as high as 155% on Chinese imports unless Beijing strikes what he called a “very fair” trade deal with Washington, APA reports.
Speaking at the White House before bilateral talks with Australian Prime Minister Anthony Albanese, Trump said that China had been “very respectful” toward the U.S. and continued to pay “tremendous amounts of money” through existing tariffs.
“As you know, they’re paying 55% — that’s a lot of money... and a potential 155% come Nov. 1 unless we make a deal,” he said.
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