BUSINESS

'Reserves right to act': China warns of countermeasures as US weighs 7.5% tariff over 'overcapacity'

Mint 3h ago 1 newsroom

US tariff on China: China warned it may take countermeasures if the US imposes new tariffs following an investigation into alleged overcapacity. Beijing opposed the probe, while Washington is considering a 7.5% tariff on Chinese goods.

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Why it matters: A US tariff on Chinese goods raises prices for American importers and consumers of Chinese products, while Chinese countermeasures risk retaliatory tariffs on US exports, escalating trade tensions.
Most affected: US importers and consumers — Face higher prices on Chinese goods if 7.5% tariff is imposed.
US exporters to China — Risk retaliatory tariffs if China follows through on countermeasures threat.
Likely next: Whether the US formally imposes the 7.5% tariff following its investigation into Chinese overcapacity.

'Reserves right to act': China warns of countermeasures as US weighs 7.5% tariff over 'overcapacity'

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