President Donald Trump on Friday said that the United States will impose an additional 100 percent tariffs on Chinese goods and export controls on critical software starting on Nov. 1.
Trump accused Beijing of adopting “aggressive” export controls on nearly all of its products, referring to the Chinese regime’s recent rule changes aimed at restricting shipments of rare earth elements.
He warned that tariffs could be implemented sooner, depending on Beijing’s reaction. He also said China’s new export controls, which would affect all countries, appeared to be a strategy devised by Beijing years ago.
“It is impossible to believe that China would have taken such an action, but they have, and the rest is History,” he wrote.
During an Oval Office meeting on drug prices later that day, Trump was asked by reporters if he had canceled his planned meeting with Chinese Communist Party leader Xi Jinping. Both leaders were expected to meet during Trump’s visit to South Korea during the Asia-Pacific Economic Cooperation (APEC) summit later this month.
“I don’t know if we’re going to have it, but I’m going to be there regardless, so I would assume we might have it,” Trump said.
He also noted that “a lot more” items could fall under U.S. export controls.
“We have airplanes, we have airplane parts,” he said. “They have a lot of Boeing planes, and they need parts and lots of things like that.”
The tariff announcement followed a lengthy post from Trump, in which he accused the Chinese regime of taking a hostile and unprecedented step by sending letters to countries worldwide to announce new export controls on rare earth elements and other key materials. He vowed to respond with countermeasures, including significant tariff hikes and other actions.
In the earlier post, Trump also signaled that he would call off his planned meeting with Xi.
“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump wrote.
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