US said to delay excess capacity tariffs until after Xi summit
The US is expected to delay announcing new tariffs over excess manufacturing capacity until after the planned summit between Xi Jinping and Donald Trump. Bloomberg reported that the administration had intended to release a trade report before the meeting recommending a 7.5% tariff on Chinese goods. The reason for the delay is unclear, and it is uncertain whether the final tariff rate will change.
Why it matters: This matters for the theme of trade policy, as the timing and level of tariffs on Chinese goods shape US-China economic relations.