US said to delay excess capacity tariffs until after Xi summit

• The US will delay new tariffs on trading partners' excess manufacturing capacity until after the summit between President Xi Jinping and President Trump.
• The expected tariffs may restore duties on Chinese goods to around 20%, aligning with previous trade truce levels.
• The delay's reason is unclear, while US-China talks will cover trade, Iran conflict, and artificial intelligence issues.

WASHINGTON – The US is expected to delay the announcement of new tariffs over allegations of trading partners’ excess manufacturing capacity at least until after under Section 301 of the Trade Act of 1974 over excess capacity concerns.

Those expected levies, along with already-implemented duties related to forced labour, are expected to eventually bring tariff rates closer to Trump’s country-specific duties that were https://www.straitstimes.com/world/united-states/us-said-to-delay-excess-capacity-tariffs-until-after-xi-summit