Bloomberg reports the Trump administration plans to delay announcing tariffs tied to alleged excess manufacturing capacity until after President Trump meets Xi Jinping on Sept. 24; report previously said a 7.5% tariff on Chinese goods had been recommended.
Announcement of tariffs over alleged excess manufacturing capacity is expected to be delayed until after the Trump-Xi summit on Sept. 24.
A previously reported U.S. trade report had recommended a 7.5% tariff on Chinese products, but its release may now be postponed.
In July, the Office of the U.S. Trade Representative finalized tariffs up to 12.5% on South Korea, Japan and 58 other partners over forced labor concerns.
# What happened
Bloomberg reported that the Trump administration is expected to delay announcing new tariffs tied to trading partners' alleged excess manufacturing capacity until after President Trump's planned summit with Chinese President Xi Jinping on Sept. 24. The reason for the delay was not provided in the report.
# Background and context
In March, the administration opened a trade investigation into alleged "structural" excess capacity and production affecting South Korea, China, Japan and 13 other economies. That investigation could lead to tariffs. Separately in March, the administration launched a probe of 60 economies to determine whether governments have done enough to stop imports of goods produced with forced labor.
Bloomberg had previously reported that a U.S. trade report on excess manufacturing capacity would be issued before the summit and would recommend imposing a 7.5 percent tariff on Chinese products. According to available reporting, that release is now expected to be postponed until after the Trump-Xi meeting.
# Related enforcement actions
In July, the Office of the U.S. Trade Representative announced a final decision to impose new tariffs of up to 12.5 percent on South Korea, Japan and 58 other trading partners on forced-labor grounds. The investigations into excess capacity and forced labor were carried out under Section 301 of the Trade Act of 1974 as the administration sought new duties to replace country-specific emergency tariffs the Supreme Court struck down in February.
# What the delay could mean
Delaying the excess-capacity tariff announcement until after the summit suggests the administration may be coordinating the timing of trade measures with high-level diplomatic engagements. It also pauses the immediate introduction of a policy change that Bloomberg's earlier reporting said would include a recommended 7.5 percent tariff on Chinese products. The postponement leaves ongoing investigations and prior tariff decisions in place while the executive branch's next public steps are deferred.
# Near-term timeline
President Trump is scheduled to meet Xi Jinping in Washington on Sept. 24. The Bloomberg report says the administration had planned to publish the excess-capacity trade report before that summit but now expects to wait until afterward. No official explanation for the timing change was provided in the reporting.
# Bottom line
The U.S. is expected to delay the announcement of new tariffs over allegations of trading partners’ excess manufacturing capacity at least until after next week’s planned summit between Presidents Xi Jinping and Donald Trump.
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