President Donald Trump departs holding bats after an event to welcome the 2025 LSU and LSU-Shreveport national champion baseball teams in the East Room of the White House. (AP Photo)

US President Donald Trump has threatened to impose a “potential 155% tariff” on Chinese goods if President Xi Jinping doesn’t reach a “fair trade deal” with Washington and floated a list of demands for China citing rare earths, fentanyl, and soybeans as his top issues to address with Beijing at the negotiating table.

The statement by Trump came as he signed a critical minerals deal at the White House with Australian Prime Minister Anthony Albanese on Monday. The US president threatened China to impose a potential 155% tariff on its goods from November 1 onwards if a deal is not struck till that time.

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