The US plans to impose a 7.5% tariff on Chinese goods soon. This move aims to restore previous duties to around 20% before a summit. Beijing previously stated this level aligns with its trade truce with Washington. The administration is also considering suspending part of a higher duty rate. Both nations are looking to extend their current trade pact truce.

President Trump raises tariffs on Chinese goods to 20%, adding to a turbulent year of trade policy that has seen rates swing from 20% to 145% and

The US plans to impose a 7.5% tariff on Chinese goods soon. This move aims to restore previous duties to around 20% before a summit. Beijing previously stated this level aligns…