started · updated
United States considers new 7.5% tariff on Chinese goods
The United States is considering imposing a new 7.5% tariff on Chinese goods, citing concerns over industrial overcapacity. This move, being discussed by the U.S. Trade Representative and the Treasury Department, would be in addition to existing tariffs, potentially bringing the total duty on Chinese imports to approximately 20%.
The proposed action is being evaluated under Section 301 of the Trade Act of 1974. Officials aim to conclude an investigation into China's manufacturing capacity before a scheduled summit between President Donald Trump and President Xi Jinping in Washington, expected on September 24.
While the U.S. administration seeks to address what it describes as unfair trade practices, China has denied allegations of overcapacity. The potential tariffs follow a previous round of duties related to forced labor regulations. Additionally, the U.S. Treasury has signaled preparations for new secondary sanctions targeting countries engaged in trade with Iran.
Entities
China · Donald Trump · Jamieson Greer · Ministry of Commerce of the People's Republic of China · United States · United States Trade Representative · Xi Jinping
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] President Trump and President Xi Jinping are expected to meet in Washington on September 24. www.epochtimes.com · www.teleborsa.it · www.vz.lt
- [● 3 SOURCES] The investigation is being conducted under Section 301 of the Trade Act of 1974. www.singtaousa.com · www.epochtimes.com · www.vz.lt
- [○ 1 SOURCE] The Treasury is preparing new secondary sanctions against countries trading with Iran. www.singtaousa.com
- [● 4 SOURCES] The U.S. is considering a new 7.5% tariff on Chinese goods due to alleged overcapacity. www.singtaousa.com · www.epochtimes.com · www.teleborsa.it · www.vz.lt
- [○ 1 SOURCE] China denies allegations of industrial overcapacity. www.singtaousa.com
- [● 3 SOURCES] The overcapacity investigation is taking longer than the forced labor investigation due to its complexity. www.epochtimes.com · www.teleborsa.it · www.vz.lt
- [● 2 SOURCES] The U.S. previously imposed 10% to 12.5% tariffs on 60 economies regarding forced labor regulations. www.singtaousa.com · www.vz.lt
- [● 4 SOURCES] The new tariff would be applied on top of existing tariffs, potentially bringing the total to approximately 20%. www.singtaousa.com · www.epochtimes.com · www.teleborsa.it · www.vz.lt