US to keep China trade tariffs steady ahead of key Trump-Xi meeting: Greer

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.

Following a Supreme Court decision that struck down previous tariffs, the US Trade Representative announced that new tariffs on some countries could rise from the current 10% to 15% or higher. The new 10% tariff, affecting imported articles from every country unless specifically exempt, is in effect for 150 days starting Tuesday. While specific trading partners were not named, the representative indicated the increase would align with previous tariff levels. This announcement follows President Trump's earlier threats to raise tariffs to 15%. FedEx has also filed a lawsuit against the US government, seeking a refund for tariffs paid after the Supreme Court ruling.