WorldEconomy
Trump weighs 7.5% tariff on China over cheap exports
The U.S. president is considering a 7.5% tariff on Chinese goods, a move aimed at penalizing China for flooding global markets with underpriced products while avoiding disruption to the U.S.-China trade truce.
United States President Donald Trump is moving toward levying a new tariff on China that would penalize the world's second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter.
Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalized, said Trump is considering setting the new tariff at 7.5%. They said administration officials believe that level would not endanger the one-year trade truce between Washington and Beijing or a planned White House meeting between Trump and Chinese President Xi Jinping expected in late September.
The move, if finalized, appears to be a calibrated effort by the White House to work around a Supreme Court decision earlier this year, according to the report. Further details of the court ruling were not provided in the source material.
WorldEconomy
Trump weighs 7.5% tariff on China over cheap exports
The U.S. president is considering a 7.5% tariff on Chinese goods, a move aimed at penalizing China for flooding global markets with underpriced products while avoiding disruption to the U.S.-China trade truce.
United States President Donald Trump is moving toward levying a new tariff on China that would penalize the world's second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter.
Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalized, said Trump is considering setting the new tariff at 7.5%. They said administration officials believe that level would not endanger the one-year trade truce between Washington and Beijing or a planned White House meeting between Trump and Chinese President Xi Jinping expected in late September.
The move, if finalized, appears to be a calibrated effort by the White House to work around a Supreme Court decision earlier this year, according to the report. Further details of the court ruling were not provided in the source material.