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Trade tensions are flaring again as U.S. President Donald Trump warns China of massive 155% tariffs on Chinese imports starting November 1 — unless President Xi Jinping signs what Trump calls a “fair deal” with Washington.The statement came during Trump’s meeting with Australian PM Anthony Albanese at the White House, where both leaders signed a critical minerals pact to counter China’s dominance in global supply chains. Trump’s remarks revive fears of a renewed U.S.–China trade war, as Beijing reportedly halted U.S. soybean imports for the first time since 2018.
Could this showdown reshape global trade once again?

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00:00China's paying 55 percent and a potential 155 percent come November 1st unless we make a deal
00:08and I'm meeting with President Xi. They try and take advantage but most countries do. I mean I
00:12can say the European Union took advantage and but not anymore. I think China's been very respectful
00:17of us. They're paying tremendous amounts of money to us as in the form of tariffs. As you know
00:24they're paying 55 percent. That's a lot of money. They never were paying anything over years and
00:29years and years. But they were like anybody else. A lot of countries took advantage of the US. They're
00:37not taking advantage anymore. China's paying 55 percent and a potential 155 percent come November
00:451st unless we make a deal and I'm meeting with President Xi. We have a very good relationship.
00:49We're going to be meeting in South Korea in a couple of weeks and we'll see what we can do.
00:54We have a very good relationship with China but you know it's been it's been probably a little bit
01:02like your relationship with China. They try and take advantage but most countries do. I mean I can say
01:08the European Union took advantage and but not anymore. We worked out a very fair trade deal. Japan
01:13we worked out a very fair deal. South Korea where I'll be meeting President Xi we worked out a very
01:19fair deal and I expect we'll probably work out a very fair deal with President Xi of China. So most of
01:27you will be with us. It's going to be very exciting and I think we're going to work out something that's
01:32good for both countries. I think China's been very respectful of us. They're paying tremendous amounts
01:38of money to us as in the form of tariffs. As you know they're paying 55 percent. That's a lot of money.
01:43They never were paying anything over years and years and years. But they were like anybody else. A lot
01:51of countries took advantage of the U.S. They're not taking advantage anymore. China's paying 55 percent
01:58and a potential 155 percent come November 1st unless we make a deal. And I'm meeting with President Xi. We
02:05have a very good relationship. We're going to be meeting in South Korea in a couple of weeks
02:09weeks. And we'll see what we can do. We have a very good relationship with China but you know it's
02:16been it's been probably a little bit like your relationship with China. They try and take advantage
02:23but most countries do. I mean I can say the European Union took advantage and but not anymore. We worked
02:28out a very fair trade deal. Japan we worked out a very fair deal. South Korea where I'll be meeting
02:35President Xi we worked out a very fair deal. And I expect we'll probably work out a very fair deal with
02:41President Xi of China. So most of you will be with us. It's going to be very exciting. And I think
02:47we're going to work out something that's good for both countries.
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