US Delays 7.5% China Tariff Plan Until After Xi-Trump Summit
Updated
Updated · Yahoo Finance · Sep 18
US Delays 7.5% China Tariff Plan Until After Xi-Trump Summit
3 articles · Updated · Yahoo Finance · Sep 18
Summary
Next week’s Xi-Trump summit is now expected to come before any US announcement of new tariffs on China and other trading partners, according to people familiar with the matter.
A trade report the administration had planned to release before the meeting was expected to recommend a 7.5% tariff on Chinese goods, preserving the threat as leverage in negotiations.
That rate could still change, but combined with existing forced-labor duties it would push Trump’s second-term tariffs on China back toward roughly 20%, a level Beijing has said fits the current trade truce.
US and Chinese negotiators are due to meet over the weekend ahead of Xi’s state visit, his first trip to the US since 2023, while China has warned it may retaliate if tariffs rise above truce-era levels.