Trump Puts China on Notice With 155% Tariff Threat Amid Australia Deal — Market Crash by November?

￰0￱ Donald Trump has reignited global trade tensions after threatening to impose tariffs of up to 155% on Chinese goods starting November 1, unless Washington and Beijing reach a new trade ￰1￱ remarks came Monday during a White House meeting with Australian Prime Minister Anthony Albanese, where the two leaders signed a major critical minerals agreement aimed at countering China’s dominance in global supply ￰2￱ Donald ￰3￱ welcomes the Prime Minister of Australia, Anthony Albanese @AlboMP , to the White ￰4￱ — The White House (@WhiteHouse) October 20, 2025 Trump accused China of taking advantage of the United States for years but said those days were over.

“China’s paying 55 percent and a potential 155 percent come November 1 unless we make a deal,” he ￰5￱ his sharp tone, Trump signaled confidence in a possible ￰6￱ said he planned to meet Chinese President Xi Jinping later this month in South Korea during the Asia-Pacific Economic Cooperation (APEC) summit, describing the discussions as “vital for maintaining a strong U. S.-China relationship.” Can Trump’s Tariff Gambit Force China Back to the Table — or Crash Global Markets First? Trump’s remarks came just hours after showing a critical minerals agreement with Australia, part of a broader strategy to reduce dependence on Chinese supply ￰7￱ $8.5 billion deal includes joint investments in mining and processing rare earth materials, with both nations contributing $1 billion over the next six ￰8￱ agreement aims to secure Western access to resources essential for defense, aerospace, and electric vehicle industries, areas heavily dominated by ￰9￱ announcement quickly rippled through global ￰10￱ combination of tariff threats and new export restrictions triggered a sell-off across equities and crypto ￰11￱ to data from CoinGlass, over $329.29M in crypto positions were liquidated within the past 24 ￰12￱ and Ethereum led the downturn, losing $91.58M and $86.21M in liquidated positions, ￰13￱ slid to around $107,800, while Ethereum dropped below $3,900, erasing earlier gains from the week.) October 13, 2025 The latest escalation followed Beijing’s decision to tighten export controls on rare earth materials, which are vital to producing advanced technology.

“These export controls affect virtually every product China makes,” Trump wrote on Truth Social. China’s foreign ministry responded by warning that tariffs are “not the proper way to engage.” The tension has already led Beijing to replace its top trade negotiator, Li Chenggang, with deputy trade representative Li Yongjie, signaling a shift in its approach to upcoming ￰14￱ Dips to $107K Amid Tariff Fears and Global Market Uncertainty Analysts noted that a prolonged trade war between the world’s two largest economies could drive up consumer prices globally, destabilize stock markets, and limit access to key industrial ￰15￱ digital markets, it has already sparked a wave of volatility that could extend into November if negotiations ￰16￱ warn that if Trump follows through with the tariffs, it may deepen the divide between the ￰17￱ China while creating ripple effects across crypto ￰18￱ Bitcoin mining facilities depend on Chinese-made ￰19￱ tariffs could raise equipment costs and disrupt supply chains, potentially reducing global mining output.