WASHINGTON (AP) β President Donald Trump is moving toward levying a new tariff on China that would penalize the world's second-largest economy for flooding the market with cheap goods, according to two people familiar with the matter who spoke on condition of anonymity to discuss internal deliberations.
The potential tariff, which has not been finalized, would target Chinese imports as part of the administration's ongoing trade pressure. The exact rate and scope of the tariff remain unclear, and no official announcement has been made.
The move comes amid ongoing trade tensions between the United States and China, with the Trump administration having previously imposed tariffs on hundreds of billions of dollars worth of Chinese goods. China has retaliated with its own tariffs on U.S. products.
Economists warn that new tariffs could raise costs for American consumers and businesses, while trade hawks argue they are necessary to protect domestic industries and intellectual property. The White House has not commented on the report.
