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Washington mulls new tariffs before Trump-Xi talks
U.S. President Donald Trump is moving toward imposing new tariffs on China, reaching up to 7.5%, in an effort to punish the world's second-largest economy for flooding markets with low-priced goods. This step is part of the White House's efforts to retaliate against China's trade practices, even though it may not affect the recently agreed trade truce between the two countries or the upcoming meeting between Trump and Chinese President Xi Jinping. It follows a Supreme Court decision that halted a plan to impose high tariffs and opened investigations into China's excess production capacity and violations of labor laws. China denies having any issues related to surplus and emphasizes that resolving disputes should be done through bilateral talks. These measures are part of a broader campaign to impose tariffs on multiple countries, including the European Union, Singapore, Malaysia, and others, aimed at pressuring unfair trade practices, amid warnings of potential repercussions for global economic cooperation.
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