US President Donald Trump acknowledged that his proposed 100% tariff on Chinese goods was not sustainable in the long run, but held Beijing responsible for the latest deadlock in trade talks, which began after China tightened curbs on rare-earth exports.
Asked whether such a high tariff was sustainable and what that might do to the US economy, Trump replied, “It’s not sustainable, but that’s what the number is.”
“They forced me to do that,” he said in an interview with Fox Business Network that was broadcast on Friday.
‘It’s Got To Be Fair’
Trump unveiled additional levies of 100% on imports of Chinese goods a week ago, along with new export controls on “any and all critical software” by November 1, nine days before existing tariff relief was set to expire.
The new trade actions wer