The United States is expected to delay announcing new excess capacity tariffs until after the upcoming summit between Presidents Donald Trump and Xi Jinping.
Reader brief
Through the Reader lens: The United States is expected to postpone announcing new tariffs targeting trading partners' excess manufacturing capacity. The delay will last at least until after next week's planned summit between President Donald Trump and Chinese President Xi Jinping. A previously expected trade report was projected to recommend a 7.5% tariff on Chinese goods, but the reason for the postponement remains unclear.
What to watch next
- Whether the final tariff rate will change from the previously expected level during or after the summit.
- The outcome of discussions on trade, artificial intelligence, and the war in Iran during the bilateral meeting.
Sources1
All filed from IndiaNamed United States · China · China · Office of the US Trade Representative · The White House · Bloomberg · Donald Trump · United States · Xi Jinping
- [1]The Hindu BusinessLineneutralUS may delay excess capacity tariffs until after Xi summit