The Economic Times

Trump to impose 7.5 percent tariff on Chinese goods, raising the total to 20 percent

The US plans to impose a 7.5% tariff on Chinese goods soon. This move aims to restore previous duties to around 20% before a summit. Beijing previously stated this level aligns with its trade truce with Washington. The administration is also considering suspending part of a higher duty rate. Both nations are looking to extend their current trade pact truce.