President Donald Trump is considering a new 7.5% tariff on Chinese goods as his administration targets China’s excess industrial capacity while seeking to preserve a fragile trade truce with Beijing.
Trump Weighs 7.5% China Tariff.
Trump is weighing a 7.5% tariff on Chinese imports after a U.S. investigation into China’s industrial overcapacity, according to people familiar with the deliberations, reported AP News on Monday.
The potential tariff would be added to existing duties and is being calibrated to avoid disrupting a one-year U.S.-China trade truce or a planned meeting between Trump and Chinese President Xi Jinping in late September.
The administration argues that China is producing more goods than its domestic economy can absorb, prompting manufacturers to push exports into global markets at low prices.
