US Eyes 7.5 Percent Tariff on China
The United States plans to impose a 7.5 percent tariff on Chinese goods over manufacturing capacity concerns. The move comes ahead of a planned summit between presidents Xi Jinping and Donald Trump next month.
The United States plans to levy a 7.5% tariff on China over excess manufacturing capacity. The duty is slated to take effect ahead of a leadership summit next month. Trade tensions between the two nations continue to escalate.
