Trump says tariffs not discussed at Xi summit
Get the Geopolitics newsletter
Daily geopolitics — wars, elections, sanctions, the diplomatic moves that move markets. Free.
- Trump said on May 15 that tariffs were not discussed at his summit with Xi, despite expectations they would extend the one‑year tariff truce from the October Korea meeting.
- Xi allegedly agreed to assist in opening the Strait of Hormuz and to purchase Boeing jets, U.S. oil, and soybeans, though no formal agreements were announced and China’s foreign ministry declined to confirm.
- U.S. Supreme Court struck down many of Trump’s duties in February, prompting the White House to impose a 10 % global tariff via temporary powers, a move now being challenged in courts.
- The Guardian World notes the summit produced a “stalemate” with limited concrete outcomes, while Straits Times Asia reports Chinese factories welcome any tariff relief but continue diversification, and Axios frames the meeting as Trump’s attempt to cement a “friendship” with Beijing.
Why it matters: U.S. exporters of oil, soy and aircraft stand to gain from promised Chinese purchases, while the 10% global tariff adds a cost for U.S. importers as courts debate its legality.
Ask SkimNews
