Following intense speculation that US President Donald Trump had cancelled his planned meeting with Chinese President Xi Jinping after announcing a potential 100% tariff on Chinese goods, Trump has clarified that the meeting is not cancelled. However, the President reiterated that the new tariff policies are still scheduled to take effect from November 1, a move that has already created instability in global trade relations.

Addressing the rumors that circulated after his announcement of the massive tariff hike on Chinese imports, Trump confirmed the status of the meeting. "I have not cancelled it. I can't specifically say [what will happen with the meeting]. That's why I've made it effective on November 1st," Trump said regarding the tariff policies and the planned discussions with President Xi.

The President's aggressive trade stance comes shortly after he reportedly missed out on a Nobel Prize. The US-China trade war has intensified significantly, with Chinese goods currently facing a 30% US tariff, a factor already straining global trade ties between the world's two largest economies. Fujifilm Instax Square Link Smartphone Instant Photo Printer - White

Trump clarified that the possibility of his meetings and visits with President Xi remains open, even as the new tariffs loom. He stated that, effective November 1st, all products imported from China into the US will be subjected to an additional 100% tariff on top of the existing duties.

Trump characterized his aggressive move the imposition of tariffs and export controls on software as a reaction to China's recent decision to impose export limits on rare earth minerals, which are also set to take effect from that date. This action underscores the peak of the tariff war between the two economic superpowers, with Trump taking an aggressive stand against China's trade policies. Also Read: Setback for B.S. Yediyurappa: High Court Adjourns Plea to Quash POCSO Case to October 23!