Report: More Section 301 Tariffs Being Considered Against China

Citing unnamed sources, Bloomberg reported that the U.S. feels its leverage has faded from 25% tariffs on hundreds of millions of dollars worth of Chinese goods and 7.5% tariffs on most of the rest. So, the report said, the administration is considering initiating another Section 301 report, which would focus on the impact on American businesses from Chinese subsidization of its industry. The same story said officials are "leaning toward" reinstituting tariff exclusions on some of the products already subject to tariffs, but also said no decision has been made.