US eyes China overcapacity tariffs of 7.5% before Xi-Trump talks, Bloomberg News reports
The move would lift total second-term duties on China to about 20% and is intended to preserve a planned White House meeting, officials said.
- On Monday, President Donald Trump's administration weighed a new 7.5% tariff on Chinese goods over alleged excess industrial capacity, a move that would raise total second-term duties on China to roughly 20% ahead of an upcoming meeting with Chinese President Xi Jinping.
- Following a Supreme Court decision earlier this year that struck down broader reciprocal tariff plans, the administration initiated Section 301 investigations in March targeting Chinese manufacturing capacity as a narrower legal workaround.
- Beijing's Ministry of Commerce recently released a report rejecting allegations of deliberate policy choices, while surging exports pushed China's trade surplus to a record of nearly $1.2 trillion last year.
- Treasury Secretary Scott Bessent warned Monday of new secondary sanctions targeting nations doing business with Iran; because China is Iran's biggest trade partner, these geopolitical pressures compound trade tensions.
- This potential tariff follows 10% to 12.5% duties imposed last month on 60 economies accused of failing to enforce forced-labor bans, while the White House and Trade Representative declined to comment on current deliberations.
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The declared tariff truce between Trump and Xi Jinping expires in November. It is expected that this issue will be addressed at your meeting next month in Washington.
Trump readies a new tariff to punish China for its flood of cheap exports—without endangering his trade truce or his summit with Xi Jinping
Trump is considering setting the new tariff at 7.5%, which would come on top of tariffs of 10% to 12.5% announced last month.
US tariffs target Chinese ‘overcapacity’
The US is set to impose an additional 7.5% tariff on Chinese goods for industrial “overcapacity” before September’s meeting between the country’s leaders, Bloomberg reported, as Washington attempts to step up protectionist measures without drawing a reprisal from Beijing. The hike would keep US duties on China to around 20%, which Beijing has signaled is consistent with the countries’ trade deal. Washington has in recent weeks accused more than …
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