The US is reportedly preparing a 7.5% Section 301 tariff on Chinese goods over excess capacity, which would bring total US tariffs on China back to about 20%. The final rate is not settled and may be lower after exemptions. The findings may be published before the 24 September 2026 Trump–Xi meeting, and the US–China truce expires 10 November. If you import Chinese components or finished goods, or compete with them, check your supplier costs and pricing now and keep a buffer for the possible change.