‘Fantastic deal or 155% tariffs’: Trump sets tone ahead of Xi meet on US-China trade talks – watch

'Fantastic deal or 155% tariffs': Trump sets tone ahead of Xi meet on US-China trade talks - watch

US President Donald Trump on Monday set the tone for his upcoming meeting with China’s President Xi Jinping, saying the two countries would strike a “fantastic deal” — and warning that failure to reach an agreement could see China face potential tariffs of 155%.“I think we’re going to end up having a fantastic deal with China. It’s going to be a great trade deal. It’s going to be fantastic for both countries, and it’s going to be fantastic for the entire world,” he said as he hosted Australian Prime Minister Anthony Albanese at the White House.“I think China’s been very respectful of us. They are paying tremendous amounts of money to us in the form of tariffs. As you know, they are paying 55%, that’s a lot of money…A lot of countries took advantage of the US and they are not able to take advantage anymore. China’s paying 55% and a potential 155% come November 1st unless we make a deal. I am meeting with President Xi. We have a very good relationship, we are going to be meeting in South Korea in a couple of weeks...I think we are going to work out something which is good for both the countries,” he added.His comments follow Beijing’s move to tighten export controls on rare earth materials, essential for smartphones, fighter jets, electric vehicles, and other technologies.Trump has emphasized tariffs as a key tool in negotiations with China, threatening a new 100% tariff in response to Beijing’s expanded export controls on rare earth products. Since returning to the White House, he has already imposed additional 30% tariffs, bringing the total on Chinese goods to around 55–57%, which he says has generated “hundreds of billions” in revenue. Trump indicated that the threat of tariffs has already earned the US “great respect” from Beijing, though Chinese officials have rejected this approach, calling high tariffs the wrong way to handle relations. Despite his tough stance on trade, Trump expressed a preference for reaching a deal, highlighting his good relationship with Chinese President Xi Jinping. He also downplayed concerns over a potential Chinese attack on Taiwan, asserting that the US military’s superiority makes such a scenario unlikely.



Source link

Visited 2 times, 2 visit(s) today

Related Article

NSA headquarters

Beijing blames US for cyber campaign targeting its national timekeeping network

NEWYou can now listen to Fox News articles! China’s spy agency accused the U.S. National Security Agency (NSA) of hacking its national time service, alleging a yearslong cyberespionage campaign that targeted the system keeping official Beijing Time — a backbone for China’s telecommunications, finance and defense sectors. The Ministry of State Security claimed the NSA

21 October 2025
Admiral Mike Rogers was simultaneously director of the National Security Agency and the US Cyber Command.

How disruption could help countries such as China and Russia exploit cybersecurity flaws and affect the internet

“The fact that China has penetrated those telecommunication networks so broadly for such an extended period of time” means Beijing could identify who is under espionage investigation and understand intelligence-gathering methodologies, he said. Most concerning is the shift from espionage to disruptive attacks. CyberCX says that over the past 18 months, nation-state actors, notably Iran,

21 October 2025
As China vs Europe battle over chip company Nexperia escalates; Nexperia's China unit tells employees in Netherlands: Remember you are Chinese company and ...

As China vs Europe battle over chip company Nexperia escalates; Nexperia’s China unit tells employees in Netherlands: Remember you are Chinese company and …

Employees at the Chinese operations of Netherlands-based Nexperia have reportedly been instructed to reject orders from Dutch headquarters, deepening a corporate standoff amid geopolitical tensions over semiconductor supply chains. Citing an internal memo made public, Financial Times reported that Nexperia’s China unit has directed local staff to operate independently and reject instructions from the company’s

21 October 2025
Unitree’s new Go2 robot dog. Photo: Handout

China’s Unitree builds course for students to learn how to train, understand robot dogs

Unitree Robotics has launched an education platform for students to train robot dogs and understand how they operate based on the start-up’s Go2 system, as adoption of these quadruped machines expands from enthusiasts to mainstream consumers. According to its social media post on Tuesday, Unitree has developed an in-person training course with ready-to-use tools that

21 October 2025
US Capitol

Congress Aims For New Tech Restrictions Targeting China In NDAA

http://dieterspears.com/istock/links/button_election.jpg getty While the government shutdown continues with no immediate end in sight, the Senate passed its draft of the FY26 National Defense Authorization Act earlier in October. The House passed its version of the bill in September. Now, lawmakers will work to reconcile differences between the two proposals and settle on a final text

21 October 2025
INTERACTIVE_RARE_EARTH_GLOBAL_OCT17_2025

Despite US push, China poised to dominate rare earths for years | Trade War News

As China threatens to restrict the supply of rare earths, the United States and other countries that depend on the critical minerals are scrambling to diversify supply chains and achieve self-sufficiency. But with even with sustained political will and billions of dollars in investment, breaking China’s dominance over rare earth supplies is likely to take

21 October 2025