Aug 24 (Reuters) – U.S. is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity before a planned summit between Chinese President Xi Jinping and U.S. President Donald Trump next month, Bloomberg News reported on Monday citing people familiar with the matter. Reuters could not immediately verify the report. […]
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US eyes China overcapacity tariffs of 7.5% before Xi-Trump talks, Bloomberg News reports
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Aug 24 (Reuters) – U.S. is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity before a planned summit between Chinese President Xi Jinping and U.S. President Donald Trump next month, Bloomberg News reported on Monday citing people familiar with the matter.
Reuters could not immediately verify the report.
(Reporting by Abu Sultan in Bengaluru)