U.S. Expected to Postpone New Tariffs On China

“The U.S. is expected to hold off announcing new tariffs on China and other trading partners until after next week’s summit between Presidents Xi Jinping and Donald Trump, a delay that could preserve such a threat as leverage in the negotiations,” Bloomberg reports.

“While the reason for the postponement is unclear, Trump has repeatedly used tariff warnings to press trading partners for concessions. The administration had intended to release a trade report on alleged excess capacity before the meeting that would recommend a 7.5% tariff on Chinese goods.”