Washington:  U.S. President Donald Trump acknowledged on Friday that his proposed 100% tariff on Chinese imports is not a long-term solution, attributing the move to China's tightening of rare earth export controls.

In an interview with Fox Business Network, Trump stated, "It's not sustainable, but that's what the number is," adding that "they forced me to do that." The tariffs, announced a week ago, were part of a broader response to China's expanded restrictions on rare earth elements, which are crucial for various technologies.

Despite the economic implications of such steep tariffs, Trump expressed optimism about U.S.-China relations. He confirmed plans to meet with Chinese President Xi Jinping in South Korea in two weeks, emphasizing the need for a fair trade deal. "I think we're going to be fine with China, but we have to have a fair deal," Trump remarked.

The U.S. measures, including the 100% tariffs and new export controls on critical software, are set to take effect on November 1, shortly before existing tariff relief expires. These actions have escalated tensions between the two economic giants, with both sides accusing each other of unfair trade practices.

As the situation develops, the upcoming meeting between Trump and Xi will be closely watched for potential breakthroughs or further confrontations in the ongoing trade dispute.