'155 percent tariff on China if trade deal collapses': US President Donald Trump fires fresh warning

WASHINGTON: US President Donald Trump threatened to impose tariffs of up to 155 percent on Chinese imports if a trade deal between the US and China fails. Trump's response came after he signed a critical minerals deal with Australian Prime Minister Anthony Albanese at the White House.

The US signed the deal with Australia with the aim of ending their overdependence on China for critical minerals.

“China is believed to have a lot of respect for us. The 55 percent tariff that China is paying is a lot. I hope to make a very fair trade deal with Chinese President Xi Jinping.” Trump threatened that if the two countries do not reach an agreement, it will be 155 percent by November 1st.

Trump said that no country will be allowed to exploit the US trade market again. Trump also revealed that there will be talks with Xi Jinping in South Korea soon. He indicated that the dialogue between the two governments will continue.

#WATCH | US President Donald Trump says, "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… pic.twitter.com/gB75dD0mJJ

— ANI (@ANI) October 20, 2025