Trump Slaps 7.5% China Tariff Ahead of Xi Summit, Total Rate Hits 20%

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‼️ BREAKING: President Trump is set to impose a new 7.5% tariff on Chinese goods—bringing the total tariff rate to 20%—citing “excess manufacturing capacity,” according to Bloomberg. The move comes ahead of a planned September 24 summit with President Xi and adds to tariffs first levied during Trump’s initial term and later extended by President Biden.
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