The United States is considering imposing a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity, according to Bloomberg News citing people familiar with the matter. This measure would push cumulative US tariffs on Chinese goods to roughly 20%. The announcement is expected before a planned September summit between President Donald Trump and Chinese President Xi Jinping. Reuters could not independently verify the report. This move could add another layer to an already tense trade relationship and test whether Washington and Beijing can keep negotiations on track.
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