Washington: US President Donald Trump on Friday threatened to place an additional 100 percent tariff on Chinese imports starting on November 1 or sooner, expressing frustration with new export controls placed on rare earth elements by China. Trump also cast doubt on whether he would meet with Chinese leader Xi Jinping during an upcoming trip to South Korea.

According to France24.com, the proposed tariffs and potential cancellation of talks with Xi come amid escalating tensions between the United States and China. The rare earth elements in question are critical components in various high-tech industries, and China’s recent export controls have heightened trade tensions.

Trump’s announcement has raised concerns over the impact such a tariff might have on global trade and economic relations. The potential for increased tariffs and disrupted diplomatic engagements could have significant consequences for both countries’ economies and international markets.