business

Trump readies a new tariff to punish China for its flood of cheap exports—without endangering his trade truce or his summit with Xi Jinping

Fortune
byAamer Madhani, The Associated Press
Monday, August 24, 2026 at 10:23 PM
Trump readies a new tariff to punish China for its flood of cheap exports—without endangering his trade truce or his summit with Xi Jinping

Trump is considering setting the new tariff at 7.5%, which would come on top of tariffs of 10% to 12.5% announced last month.

President Donald Trump is moving toward levying a new tariff on China that would penalize the worlds second-largest economy for flooding the global market with underpriced goods, according to three p… [+3687 chars]
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business

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