WASHINGTON: U.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some US$160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts.
Negotiations have failed to produce deals on agricultural purchases by China and tariff rollbacks by the United States since the two countries agreed in October to conclude a preliminary trade agreement. Navarro, a China hawk, this week circulated a separate memo in favor of continued tariffs, arguing that China had increased its purchases of U.S. pork and soybeans solely because of its domestic swine fever outbreak, and that tariffs were not having a negative effect on U.S. growth or the stock market.
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