Trump Acknowledges 100% China Tariffs Are Unsustainable Amid Trade Tensions

U.S. President Donald Trump acknowledged that his proposed 100% tariff on goods from China is unsustainable, attributing the trade tensions to Beijings actions regarding rare earth exports.

• During an interview on October 17, 2019, Donald Trump stated that the proposed 100% tariff on China is unsustainable, highlighting the need for a resolution in ongoing trade talks.
• Trump blamed China for the latest impasse, specifically pointing to Beijings tightened control over rare earth exports as a significant factor affecting negotiations.
• The trade tensions have broader implications for the United States economy, with concerns that high tariffs could adversely impact American consumers and businesses reliant on Chinese goods.