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US Plans 7.5% Tariff on Chinese Goods Ahead of Trump-Xi Talks

US Plans 7.5% Tariff on Chinese Goods Ahead of Trump-Xi Talks

The United States is preparing to impose a 7.5% tariff on Chinese goods over alleged excess manufacturing capacity, Bloomberg reported. The measure could be announced before President Donald Trump meets Chinese President Xi Jinping next month, potentially increasing trade pressure ahead of talks between the world’s two largest economies again.
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