US President Donald Trump announced new 100 percent tariffs on Chinese goods on 10 October and threatened to cancel his meeting with President Xi Jinping.

Trump said the levies would take effect on 1 November, describing them as “retaliation” for what he called Beijing’s “extraordinarily aggressive” actions.

“It is impossible to believe that China would have taken such an action, but they have, and the rest is History,” he wrote on social media.

He added that the new measures would target “any and all critical software” exports, accusing China of holding the world “captive” through its dominance of rare earth minerals.

“There is no way that China should be allowed to hold the World captive,” he said.

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