- The Trump administration is considering a new 7.5% tariff on Chinese goods aimed at penalizing alleged excess industrial capacity while trying not to derail a planned September meeting with Xi Jinping.
- The move appears to be a narrower workaround after a Supreme Court rebuke of broader tariff plans and follows U.S. probes into overcapacity and forced-labor issues.
- China rejects the overcapacity charge and urges bilateral talks, as tensions rise amid wider trade actions and looming U.S. secondary sanctions related to Iran.
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