Golden Financier
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Popular Topics
    • Why Hungary may have to pull strings to allow Putin to meet Trump in Budapest
    • Trump calls 100% tariff on Chinese goods ‘not sustainable’ ahead of Xi meeting
    • Europe bulletin: BBC under fire, Mango death reopened, UK banks slide
    • Trump says he may meet Xi, repeats claim about India’s plan to stop Russian oil
    • ZION stock: why the pullback in this regional bank is vastly overdone
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    Golden Financier
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Economy

    Trump calls 100% tariff on Chinese goods ‘not sustainable’ ahead of Xi meeting

    • October 18, 2025
    • admin

    US President Donald Trump said on Friday that his proposed 100% tariff on Chinese goods was not meant to be permanent.

    He described the decision as unsustainable in the long term but insisted that it was necessary.

    Trump said during the interview:

    It’s not sustainable, but that’s what the number is. They forced me to do that.

    Trump says meeting with Xi will go ahead

    During the interview, Trump also confirmed that he would meet Xi within two weeks, expressing confidence that discussions would lead to a breakthrough.

    He added that he believed “things will be fine with China,” signalling cautious optimism despite the sharp escalation in tariff measures announced earlier this month.

    “I get along great with him,” Trump said of Xi in the interview. “I think we’re going to be fine with China, but we have to have a fair deal. It’s got to be fair.”

    On October 10, Trump announced the imposition of a 100% tariff on all Chinese goods, set to take effect from 1 November.

    The move marked a major escalation in the trade dispute between Washington and Beijing.

    Earlier that day, he had accused China of “trade hostility” and even suggested he might cancel the meeting with Xi — though he later reversed course, confirming the meeting would proceed.

    The President’s tone during the interview appeared less confrontational than his earlier remarks, indicating that Washington may still be seeking a negotiated resolution.

    Trade tensions remain despite partial tariff reductions

    The 100% tariff follows months of back-and-forth increases and reductions between the US and China.

    Earlier this year, the Trump administration had repeatedly raised tariffs on Chinese goods, reaching a peak of 145%.

    Beijing responded by increasing tariffs on American exports to as high as 125%.

    Subsequent discussions between trade officials led to a partial rollback — US tariffs on Chinese products dropped to 30%, while Chinese tariffs on American goods fell to 10%.

    The temporary pause in tariffs was meant to give the US and China time to resolve broader trade disputes, but progress stalled after Washington expanded technology restrictions, proposed levies on Chinese ships entering US ports, and Beijing responded with similar measures and tighter export controls on rare earths.

    However, the latest move to pile on another 100% tariff has reignited tensions, suggesting that Washington sees stronger measures as necessary leverage ahead of renewed talks.

    The two economies together account for a significant share of global manufacturing, and a prolonged dispute could ripple through supply chains worldwide.

    For now, Trump’s acknowledgement that the measure is temporary offers a hint of flexibility ahead of his meeting with Xi.

    Yet, with the 1 November implementation date approaching, businesses and markets remain uncertain about whether the policy will shift again depending on the outcome of the talks.

    The post Trump calls 100% tariff on Chinese goods ‘not sustainable’ ahead of Xi meeting appeared first on Invezz


    admin

    Previous Article
    • Economy

    Europe bulletin: BBC under fire, Mango death reopened, UK banks slide

    • October 18, 2025
    • admin
    View Post
    Next Article
    • Economy

    Why Hungary may have to pull strings to allow Putin to meet Trump in Budapest

    • October 18, 2025
    • admin
    View Post

      Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


      By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
      Popular Topics
      • Why Hungary may have to pull strings to allow Putin to meet Trump in Budapest
      • Trump calls 100% tariff on Chinese goods ‘not sustainable’ ahead of Xi meeting
      • Europe bulletin: BBC under fire, Mango death reopened, UK banks slide
      • Trump says he may meet Xi, repeats claim about India’s plan to stop Russian oil
      • ZION stock: why the pullback in this regional bank is vastly overdone

      Input your search keywords and press Enter.