Trump threatens tech export limits, new 100% tariff on Chinese imports
toggle caption Alex Brandon/AP
WASHINGTON — President Donald Trump on Friday threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession.
The president expressed frustration with new export controls placed on rare earth elements by China — and said on social media that "there seems to be no reason" to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea.
Trump later told reporters he had not canceled his meeting. "But I don't know that we're going to have it," he said during an Oval Office appearance on another subject. "I'm going to be there regardless, so I would assume we might have it."
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Trump also suggested there may be time to ratchet down his steep new tariff threat.
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