'Reserves right to act': China warns of countermeasures as US weighs 7.5% tariff over 'overcapacity'
China's Commerce Ministry warned it would take necessary countermeasures as the US considers a 7.5% tariff on Chinese goods due to overcapacity concerns. This potential tariff follows a US investigation into trade practices and could raise tariffs on Chinese imports to around 20%. The situation may escalate as President Trump and President Xi are set to meet in September.