China braces as new US global tariffs loom: fresh trade war or managed friction?

China could soon face a tariff framework that gives the United States greater room to escalate trade measures and impose more targeted levies as Washington’s temporary duties near expiry, though analysts said the immediate effect of the proposed rates is likely to be limited. The US imposed 10 per cent global tariffs earlier this year under Section 122 of the Trade Act after the Supreme Court struck down US President Donald Trump’s “Liberation Day” duties. Those duties are set to expire on...