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  • 2 weeks ago
US President Donald Trump announces 100 percent ‘additional’ tariff on China 'starting from November 1st 2025'. Also on November 1st, we will impose Export Controls on any and all critical software, said Trump. This action taken by Trump in retaliation to China’s allegedly “extremely hostile letter to the World”. According to Trump’s Truth Social post, China plans to impose ‘large scale Export Controls’ on a wide range of products. China’s 'extraordinarily aggressive position on Trade' will start from November 1st 2025, said Trump. Trump’s move can be implemented even sooner, 'depending on any further actions or changes taken by China'. This leads Trump administration to impose 100 percent tariffs of China “over & above any Tariff that they are currently paying”. Trump claims that China’s plan, ‘devised years ago’, is a ‘threat to all countries, without exception’. Trump, however, has not cancelled meeting with China's Xi, he told media after posting on the Truth Social announcement. 

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02:00I just want to confirm, have you canceled your meeting with President Xi?
02:03I don't know that we're going to have it, but I'm going to be there regardless, so I would assume we might have it.
02:09But, you know, they hit the world with something that really is not anything that people are going to do.
02:17And it was shocking.
02:19I can tell you, Howard and I and Todd, we all, we all, Scott, we were all speaking about it before.
02:27And it was, we said, where did that come from?
02:30It was just, that was out of the blue, right?
02:32Out of the blue, they came up with this whole import-export concept.
02:38And nobody, nobody knew anything about it.
02:41Because if they rolled back their export controls, the new announcement, would you roll back?
02:45Look, we're going to have to see what happens.
02:47That's why I made it November 1st.
02:49We'll see what, what happens, yeah.
02:50Mr. President, the last time, Mr. President.
02:52Go ahead, please.
02:53I think you probably like it the best.
02:55You like it the best for press conferences?
02:57I sort of do.
02:57What else besides software could be on the table in terms of export controls?
03:01Oh, a lot more.
03:02A lot more.
03:03I mean, you have, you have software, but you have a lot more.
03:06We have airplanes.
03:07We have airplane parts.
03:08You remember that from last time.
03:10We were just surprised at China.
03:12I have a very good relationship with President Xi, and they did that.
03:15This is not something that I, you know, instigated.
03:18This was just a response to something that they did.
03:21And they didn't really aim it at us.
03:24They aimed it at the whole world.
03:25The whole world is, is subject to it.
03:29So I thought it was very, very bad.
03:31But we have many things, including a big thing is Arapah.
03:33They have a lot of Boeing planes, and they need parts, and lots of things like that, Steve.
04:07We'll see you next time.
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