US expected to delay new excess capacity tariff announcement until after Trump-Xi summit: report
WASHINGTON— U.S. President Donald Trump's administration is expected to postpone the announcement of new tariffs over trading partners' alleged excess capacity in manufacturing sectors until after the planned summit between Trump and Chinese President Xi Jinping next week, a report said Thursday. Citing people familiar with the matter, Bloomberg reported on the expected delay, noting that the…
The United States government is reportedly planning to delay the announcement of new tariffs targeting countries with alleged excess manufacturing capacity until after a scheduled summit with Chinese President Xi Jinping, according to a Thursday report. Bloomberg's sources familiar with the situation hinted at the unexpected postponement, though the exact reason behind this decision remains ambiguous.
Despite the summit being set for September 24, more than four months after their last meeting in Beijing, the administration's intent to issue a trade report recommending a 7.5 percent tariff on Chinese products prior to the summit still stands. The investigation into South Korea, China, Japan, and 13 other nations, launched in March, aims to uncover unfair trade practices related to structural excess capacity and production, which could potentially lead to tariffs.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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