Washington: US President Donald Trump on Friday threatened to place an additional 100 percent tariff on Chinese imports starting on November 1 or sooner. He expressed 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, Trump's announcement is seen as a significant escalation in the ongoing trade tensions between the United States and China. The imposition of such tariffs would likely have widespread impacts on international trade and could affect global markets. The uncertainty regarding a potential meeting with Xi Jinping further complicates diplomatic relations between the two countries.

The rare earth elements, which are crucial for various high-tech industries, have been a focal point in the trade discussions. The new export controls by China have added another layer of complexity to the existing trade disputes. The potential tariffs and the uncertain diplomatic engagements are expected to be closely monitored by international stakeholders.