A $32 Billion Deal Now, $260 Billion Later as Trump-Xi Summit Prep Begins — Panjiva


A $32 Billion Deal Now, $260 Billion Later as Trump-Xi Summit Prep Begins

China 1758 Cons. Discr. - Autos 661 Info Tech - Comms Equip 118 Info Tech - Tech Hardware 378 Tariffs 1169 U.S. 3297

Trade talks between American and Chinese trade ministers from August 22 may seek to avert a widening of existing tariffs between the two countries. While the discussions are likely more about groundwork than a final agreement – President Trump has “no time frame” for a decision – there is an opportunity for a short-term “win” for both sides in postponing duties due from August 23 on $32 billion of bilateral trade. Such a move would help American automakers ($7 billion of exports in the 12 months to June 30) and Chinese semiconductor fabricators ($3 billion). Aside from a roll-back of exi...

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