The Trump administration has delayed announcing a proposed 7.5% tariff on Chinese goods linked to excess manufacturing capacity, keeping the measure unresolved ahead of the Sept. 24, 2026, summit between U.S. President Donald Trump and Chinese President Xi Jinping. If imposed, the levy would raise cumulative U.S. tariffs on Chinese imports to approximately 20%. The tariff stems from a Section 301 investigation launched in March 2026, one of two inquiries covering excess capacity and forced-labor concerns across multiple economies. The summit will be Xi’s first state visit to the U.S. since 2023, while preliminary negotiations are scheduled for the preceding weekend. Talks are expected to address trade, the conflict in Iran, artificial-intelligence risks and the broader structure of U.S.-China competition. A tariff truce reached in late 2025 expires in November 2026, creating a deadline for further negotiations or escalation. Bloomberg’s economics team has said tariff threats have become less effective as Chinese manufacturers adapt to prolonged trade friction, although duties approaching 20% could still pressure price-sensitive industries.