US set to impose a 7.5% tariff on Chinese goods


Bloomberg reports that Trump will impose a 7.5% tariff on Chinese goods ahead of talks next month.

I’m imagine the report could scuttle the talks, which cites people familiar.

The move would restore Trump’s second-term duties on China to around 20%, though that would still be consistent with a level China has previously tolerated.

Trump and Xi are due to meet in Washington on Sept. 24.

Ultimately, this might be more of a technical move in response to the Supreme Court striking down some US tariffs. In July, Trump imposed
a 12.5% tariff on Chinese goods, citing inadequate efforts to address
forced labor practices. In response Beijing said Washington had
agreed to cap any additional duties on Chinese exports at 20%.

“We hope that the US will honor its commitments, ensuring that regardless of the reasons given for imposing or replacing tariffs on China in the future, US tariffs on China will not exceed the levels outlined in the Kuala Lumpur trade consultations,” China’s Ministry of Commerce said in May.



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