US to keep China trade tariffs steady ahead of key Trump-Xi meeting: Greer
AI Summary
The US will maintain existing tariffs on Chinese goods, ranging from 35% to 50%, according to US Trade Representative Jamieson Greer. This decision aims to maintain stability in trade relations ahead of a crucial meeting between US and Chinese leaders. Greer stated the US does not plan to increase tariffs beyond current levels, adhering to the existing agreement. This announcement follows a Supreme Court decision impacting the levies imposed last year. The Trump administration is seeking ways to maintain its tariff regime while complying with global trade agreements, after initially considering and then increasing proposed global tariffs following the Supreme Court ruling.
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