Updated on: Oct 20, 2025 09:51 pm IST
‘Potential 155% tariffs, unless…’: Trump’s warning to China over ‘fair trade deal’
US President Donald Trump on Monday threatened China on trade tariffs, saying that he would impose 155 percent levies on China if Xi Jinping signed a fair deal with Washington.
The statement came as Trump signed a critical minerals agreement with the Australian Prime Minister Anthony Albanease at the White House.
“I think China’s been very respectful of us. They’re paying tremendous amounts of money to us in the form of tariffs. As you know, they’re paying 55% — that’s a lot of money… China’s paying 55% and a potential 155% come November 1st unless we make a deal,” Trump said before his bilateral talks with Albanease.
The Republican pointed out that Washington had worked out a trade deal with several countries, who he said were “earlier taking advantage” of the US. “Not anymore,” the MAGA leader said.
“I expect we will probably work out a very fair trade deal with President Xi of China. I think most of you will be there. It will be very exciting,” Trump added.
