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 th

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