Trump Moves toward Levying New Tariff on China for Flooding Market with Cheap Goods, AP Sources Say
WASHINGTON (AP) — 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.
President Donald Trump is reportedly considering imposing a new tariff on China, set at 7.5%, to address the country's practice of flooding global markets with inexpensive goods, according to multiple sources familiar with the matter. This potential tariff is intended to work around a recent Supreme Court ruling that invalidated Trump's earlier plan to implement high tariffs on a broad range of Chinese imports.
The move aims to avoid disrupting a trade truce between the U.S. and China and a scheduled White House meeting between Trump and Chinese President Xi Jinping, scheduled for late September. The new tariff would be added to existing tariffs of 10% to 12.5% imposed on 60 countries for allegedly failing to enforce a ban on forced labor.
China has rejected the idea of overcapacity and emphasized that economic disputes should be resolved through bilateral negotiations rather than unilateral tariffs, as reported by the Chinese embassy in Washington.
Written by urgent.news from The Japan News by The Yomiuri Shimbun's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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