Tariff ruling stirs new uncertainty for US-China trade ties
Key Points:
- The Supreme Court struck down President Trump's broad tariffs on China, complicating U.S.-China relations but both countries aim to avoid a full trade war ahead of Trump's upcoming Beijing visit.
- Analysts believe China will cautiously leverage the ruling for negotiation advantage without aggressively exploiting it, as both sides seek to maintain a fragile trade truce.
- Trump responded to the ruling by imposing a temporary 10% global tariff with plans to increase it to 15%, emphasizing tariffs as a tool to counter China's economic and military rise.
- Chinese President Xi Jinping is expected to focus on building rapport with Trump rather than pressing the court decision, aiming to stabilize trade relations and potentially gain security concessions in Asia.
- The ruling introduces uncertainty for other U.S