US President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, said Reuters sources, as markets braced for potential negative impacts, reported.
Officials circulated talking points downplaying the repercussions such a tariff hike would have on the US economy ahead of Trump’s meeting with Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and White House advisers Larry Kudlow and Peter Navarro.
The senior trade advisers are expected to present divergent views during the high-stakes meeting, but the final decision will be up to Trump, the sources said.
Many had expected the two sides to reach a deal ahead of the Dec. 15 tariffs, but that prospect now appeared unlikely, according to multiple US and Chinese sources. The question now is whether Washington will delay the tariffs or let them take effect.