Washington postpones tariffs to boost talks
The Trump administration intends to delay the announcement of new tariffs on China and several trading partners, despite concerns over excess production, in order to maintain the threat as a bargaining tool during upcoming talks between U.S. President Donald Trump and Chinese President Xi Jinping. Reports had indicated an intention to impose a 7.5% tariff on Chinese goods before the summit, but uncertainty surrounds the implementation of this step, as no official statement has been issued by American authorities so far. Meanwhile, China's Foreign Minister discussed Middle Eastern issues with his U.S. counterpart, emphasizing the need for future talks to be conducted in a spirit of equality and mutual benefit.
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