US expected to delay new China tariffs until Xi-Trump summit next week
- US postpones new tariff announcements until after the high-level Trump-Xi Jinping summit.
- The US previously planned to publish a manufacturing excess-capacity trade report recommending new tariffs.
- The proposed 7.5% levy would bring total US second-term tariffs on China to 20%.
- Officials are maintaining tariff threats as strategic leverage while trade discussions continue between nations.
Source: moneycontrol.com
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