Washington DC: The Oval Workplace became a stage of warnings and numbers on Monday evening. US President Donald Trump issued what he referred to as a “potential” 155 per cent tariff risk to China. The transfer, he stated, would take impact from November 1 if there was no commerce deal between Washington and Beijing.
Trump spoke on the White Home throughout a high-level assembly with Australian Prime Minister Anthony Albanese. Cameras caught his tone, which was sharp, sure and crammed with speak of cash.
“I feel China has been very respectful of us. They’re paying super quantities of cash to us within the type of tariffs. As you understand, they’re paying 55 per cent; that’s some huge cash,” he stated.
#WATCH | US President Donald Trump says, “I feel China’s been very respectful of us. They’re paying super quantities of cash to us within the type of tariffs. As you understand, they’re paying 55%, that is some huge cash…A variety of international locations took benefit of the US and they don’t seem to be… pic.twitter.com/gB75dD0mJJ
— ANI (@ANI) October 20, 2025
The US president stated international locations as soon as took benefit of America, however that interval was over. “A variety of international locations took benefit of america and they don’t seem to be capable of take benefit anymore. China’s paying 55 per cent and a possible 155 per cent come November 1st except we make a deal,” Trump stated.
He then spoke of his subsequent transfer, a gathering with Chinese language President Xi Jinping in South Korea. “I’m assembly with President Xi. We’ve an excellent relationship; we’re going to be assembly in South Korea in a few weeks… I feel we’re going to work out one thing which is nice for each the international locations,” he acknowledged.
He stated he anticipated “a good and actually nice commerce deal” as soon as the conferences had been executed. “I feel once we end our conferences in South Korea, China and I’ll have a very truthful and actually nice commerce deal collectively. I would like them to purchase soybeans… It’ll be implausible for each international locations, and it’ll be implausible for all the world,” he acknowledged.
The day additionally noticed Trump and Albanese signal a multi-billion greenback settlement on essential minerals and defence cooperation.
Albanese stated, “USD 8.5 billion is within the pipeline.”
The deal adopted months of talks between the 2 allies and is predicted to spice up supply-chain safety, power independence and army cooperation.
Hours earlier than the assembly, Trump wrote on Fact Social a few new tariff plan. He stated an extra 100 per cent tariff on Chinese language items would come into drive “over and above any tariff that they’re at the moment paying” from November 1.
His submit stated China had taken “an awfully aggressive place on commerce” and despatched “an especially hostile letter to the world”.
Trump wrote, “Primarily based on the truth that China has taken this unprecedented place, and talking just for the USA, and never different Nations who had been equally threatened, beginning November 1, 2025 (or sooner, relying on any additional actions or modifications taken by China), america of America will impose a Tariff of 100% on China, over and above any Tariff that they’re at the moment paying. Additionally on November 1, we’ll impose Export Controls on any and all essential software program.”
He added, “It has simply been learnt that China has taken an awfully aggressive place on commerce in sending an especially hostile letter to the world, stating that they had been going to, efficient November 1, 2025, impose large-scale Export Controls on nearly each product they make, and a few not even made by them. This impacts ALL International locations, with out exception, and was clearly a plan devised by them years in the past. It’s completely unprecedented in Worldwide Commerce, and an ethical shame in coping with different Nations.”
Earlier than ending the assembly, Trump revealed a brand new plan. “I’ve been invited to go to China. And I’m going to be doing that someday pretty early subsequent 12 months,” he stated.