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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