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China’s leverage rises before high-stakes summit as Supreme Court curbs Trump tariffs

From cnbc.com

The U.S. Supreme Court’s decision to strike down President Donald Trump’s sweeping tariffs has strengthened China’s hand ahead of a summit with his counterpart Xi Jinping, where Beijing is expected to push for reduced U.S. support for Taiwan, analysts said. In a ruling Friday, the court said Trump wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to implement broad tariffs. That decision has weakened Trump’s negotiating leverage as he prepared for a trip to Beijing in April, said Wendy Cutler, senior vice president at the Asia Society Policy Institute. “He has effectively had his wings ... (full story)

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  • Category: Fundamental Analysis