India, Oct. 20 -- US President Donald Trump on Monday threatened China on trade tariffs, saying that he would impose 155 percent levies on China if Xi Jinping signed a fair deal with Washington.

The statement came as Trump signed a critical minerals agreement with the Australian Prime Minister Anthony Albanease at the White House.

"I think China's been very respectful of us. They're paying tremendous amounts of money to us in the form of tariffs. As you know, they're paying 55% - that's a lot of money... China's paying 55% and a potential 155% come November 1st unless we make a deal," Trump said before his bilateral talks with Albanease.

The Republican pointed out that Washington had worked out a trade deal with several countries, who ...