Washington DC: US President Donald Trump declared that the United States will impose a 155 per cent tariff on Chinese imports starting November 1. He said he wants to maintain friendly ties with Beijing but stressed that years of one-sided trade left no choice.
“Right now, as of November 1st, China will have about 155 per cent tariffs put on it. I don’t think it’s sustainable for them. I want to be nice to China. But China has been very rough with us over the years because we had presidents that were not smart from a business standpoint… They allowed China and every other country to take advantage of us,” he told ANI.
The US president pointed to his previous trade deals with the European Union, Japan and South Korea, emphasising that tariffs serve as a tool for “national security”.
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