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President Donald Trump, hosting Australian Prime Minister Anthony Albanese at the White House, predicted a “fantastic” trade deal with China and said Beijing now shows the U.S. “great respect” after his tariff threats. He vowed to add a 100% tariff on Nov. 1 if no agreement emerges with President Xi Jinping at the upcoming APEC summit, even as he called such a levy “not sustainable.” Beijing pushed back on the tariff rhetoric and removed its top trade negotiator, ousting Li Chenggang. Trump also downplayed fears over Taiwan, citing U.S. military superiority.

Prepared by Lauren Mitchell and reviewed by editorial team.