Trump says he will impose new 100% tariff on China above current rates, effective November 1
United States President Donald Trump on Friday said that he would impose a 100% tariff on China “over and above any tariff they are currently paying”, effective November 1.
In a social media post, Trump said that China has “taken an extraordinarily aggressive position on trade” by sending a letter to the “world” announcing plans to impose large-scale export controls on “virtually every product they make and some not even made by them”.
“This affects all countries, without exception,” Trump said. “It is absolutely unheard of in international trade and a moral disgrace in dealing with other nations.”
He added that the new tariff would take effect on November 1 “or sooner, depending on any further actions or changes taken by China”.
Earlier in the day, Trump had said in a social media post that there was “no reason” to meet Chinese President Xi Jinping during his upcoming visit to South Korea.
The announcement came amid renewed trade tensions between Washington and Beijing and ahead of talks between the Chinese and American presidents later this month.
In April, China had imposed restrictions on exports of seven rare earth elements after Trump announced steep tariffs on several trading partners, including China.
Since May, the US and China have maintained a tentative trade understanding, with both sides agreeing to roll back some...
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