The Trump administration is preparing another tariff move against China, this time focusing on Beijing’s growing production of cheap goods that are being sold across global markets, according to Bloomberg. The move could come before a planned meeting between President Donald Trump and Chinese President Xi Jinping next month. If finalised, it would bring Trump’s second-term tariffs on China to around 20%. At the same time, Washington is starting a major new sanctions campaign against Iran. Together, the two moves mark one of the most consequential weeks yet in Washington’s campaigns to reshape global trade and squeeze adversarial economies, with ripple effects likely to impact the West Asia crisis and major trading sectors.