US Could Delay China Tariffs Until After Xi-Trump Summit

Summary

Bloomberg's Brendan Murray explains that the US is expected to hold off on new tariffs against China until after the Xi-Trump summit. The 7.5% extra China tariff recommendation is being held back as leverage, but Murray says leverage heading into the talks leans toward China. The summit agenda includes extending the tariff truce, agriculture and energy concessions, Iran sanctions and oil trade, AI narrative, and Canada-EU trade tensions.

• US may delay new China tariffs until after the Xi-Trump summit.
• 7.5% extra China tariff recommendation held back as bargaining tool.
• Murray says leverage heading into summit leans toward China.
• Talks include agriculture and energy tariff reductions and a 'Board of Trade'.
• Iran sanctions and China's oil trade with Iran are also on the table.
• AI discussion is about narrative and responsibility, not technical rules.
• US-Canada trade talks remain stalled; Trump warns Canada and EU on tariffs.