#chinaopposesusproposed7.5%tariff
🇺🇸🇨🇳
Trump is reportedly preparing another tariff increase on China.
The administration is considering an additional 7.5% tariff on Chinese goods, reportedly in response to concerns about industrial overcapacity.
The move would restore Trump’s second-term China tariffs to approximately 20%, while leaving earlier duties in place.
Importantly, the relatively restrained increase appears designed to maintain pressure without destroying the fragile US-China trade truce ahead of expected September 24 meeting with Trump in Washington.
But technology restrictions, Chinese drone controls, Iran and industrial overcapacity are creating an increasingly complicated backdrop for that summit.
$HEMI
$SKR
$BMT
🇺🇸🇨🇳
Trump is reportedly preparing another tariff increase on China.
The administration is considering an additional 7.5% tariff on Chinese goods, reportedly in response to concerns about industrial overcapacity.
The move would restore Trump’s second-term China tariffs to approximately 20%, while leaving earlier duties in place.
Importantly, the relatively restrained increase appears designed to maintain pressure without destroying the fragile US-China trade truce ahead of expected September 24 meeting with Trump in Washington.
But technology restrictions, Chinese drone controls, Iran and industrial overcapacity are creating an increasingly complicated backdrop for that summit.
$HEMI
$SKR
$BMT