Washington (US), Aug. 25 (LaPresse) – US President Donald Trump is preparing to impose new tariffs on China that would penalize the world’s second-largest economy for flooding the global market with goods priced below market value. Two sources revealed that Trump is considering setting the new tariff at 7.5%. According to US officials, this level would not jeopardize the one-year trade truce between Washington and Beijing or the planned meeting at the White House between Trump and Chinese President Xi Jinping, which is expected to take place in late September.
Tariffs: Trump considers imposing new 7.5% tariff on China
Follow us on
Washington (US), Aug. 25 (LaPresse) – US President Donald Trump is preparing to impose new tariffs on China that would penalize the world’s second-largest economy for flooding the global market with goods priced below market value. Two sources revealed that Trump is considering setting the new tariff at 7.5%. According to US officials, this level would not jeopardize the one-year trade truce between Washington and Beijing or the planned meeting at the White House between Trump and Chinese President Xi Jinping, which is expected to take place in late September.
© All rights reserved