US Eyes 7.5% China Overcapacity Tariffs Before Xi-Trump Summit
๐ BEIJING โ Washington opens a second economic front on China before Xi-Trump talks. ๐ LOOK CLOSER: Simultaneous pressure on two tracks โ Iran secondary sanctions and overcapacity tariffs โ forces Beijing to negotiate both or neither. Xi enters any summit holding fewer chips. For Iran, this dilutes China's capacity to absorb sanctions blowback while defending Hormuz trade. Washington is stacking leverage, not sequencing it.