Trump looks to impose 7.5% 'overcapacity' tariff on China, taking duties to 20% ahead of Xi's US visit
Author: CNBC-TV18 Markets·
Key Takeaways
- •The United States plans to apply a 7.5% tariff on Chinese goods tied to concerns about excess manufacturing capacity in China.
- •The new duty would come before the planned summit between Xi Jinping and Donald Trump.
- •The measure would add to an already higher-duty environment for Chinese imports.
- •Trump’s second-term tariffs would rise to around 20% if the plan is implemented.
- •Washington is framing the tariff move around China’s industrial overcapacity, increasing the trade significance of the summit talks.
US to impose 7.5% tariff on Chinese goods over excess manufacturing capacity before Xi-Trump summit. The move would add a new layer to an already higher-duty environment, restoring Trump's second-term duties to around 20% and giving the planned talks added trade-policy significance as Washington continues to frame the measure around China's industrial overcapacity.
