The Aporia
The US is expected to delay announcing new tariffs on Chinese goods related to alleged excess manufacturing capacity until after the planned summit between Chinese President Xi Jinping and US President Donald Trump, according to sources familiar with the matter. Bloomberg had previously reported that a trade report recommending a 7.5% tariff was intended for release before the meeting, but the reason behind the delay is unclear. The final tariff rate might revert to around 20%, which Beijing has said aligns with its trade agreement with Washington. In March, the Trump administration launched an investigation under Section 301 of the Trade Act of 1974 targeting more than a dozen trading partners for excess capacity concerns.