14 Hrs
Source:
AL24 News
Washington to set new tariffs on China
The United States is preparing to impose a 7.5% customs duty on Chinese goods, due to allegations that China is overstating its energy production. This comes ahead of an upcoming summit between Presidents Xi Jinping and Donald Trump next month. Negotiations are currently underway to determine the final rate of the duties, with the possibility of reinstating tariffs up to 20%, a level aligned with a previous trade truce between the two countries. This move is part of the Trump administration's efforts to strengthen protectionist policies, following the Supreme Court's removal of a previous import tax on Chinese products, while negotiations continue regarding the extension of a trade agreement and the postponement of the tariff implementation.
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