1 week ago
US Plans New China Tariff Ahead of Trump-Xi Summit
The United States plans to charge an additional fee on some goods from China.
This fee is called a tariff.
The announcement is expected before a meeting between Trump and Xi.
The issue began in March.
At that time, the Trump administration investigated more than a dozen trading partners.
The investigation used a US trade law from 1974.
Officials were concerned that some countries were making too many products.
The United States says the law can be used to respond to unfair foreign trade practices.
The United States is preparing to impose a new tariff on China.
The tariff comes ahead of a planned Trump-Xi summit.
Its roots trace to a March investigation by the Trump administration.
The investigation examined more than a dozen major trading partners.
The probe focused on concerns about excess manufacturing capacity and alleged unfair trade practices.
- Who
- The Trump administration and China are the main parties involved.
- What
- The United States is preparing a new tariff on China.
- Where
- The trade dispute involves the United States and China.
- When
- The tariff is expected ahead of the Trump-Xi summit; the underlying investigation began in March.
- Why
- The investigation focused on alleged unfair trade practices and concerns about excess manufacturing capacity.
Key facts
- Tariff status
- The United States is set to impose a new tariff on China.
- Timing
- The tariff is planned ahead of the Trump-Xi summit.
- Investigation opened
- The Trump administration opened the investigation in March.
- Legal authority
- The investigation was conducted under Section 301 of the Trade Act of 1974.
- Countries examined
- The probe covered more than a dozen major trading partners.
- Main concern
- The investigation focused on excess manufacturing capacity.
- Stated justification
- Section 301 allows the United States to respond to unfair foreign trade practices.
Sources
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