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Xi's Position Strengthened Ahead of Trump Summit After Tariff Rollback
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Xi Gains Leverage Over Trump After US Tariff Reversal
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Moneycontrol
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23-02-2026, 18:09
Xi Gains Leverage Over Trump After US Tariff Reversal
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The US Supreme Court invalidated Trump's broad emergency tariffs, boosting China's bargaining power before the Trump-Xi summit.
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The ruling removes Trump's ability to quickly raise tariffs, making it harder to press China for larger purchases or retaliate against demands.
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Experts suggest China will now push for access to advanced semiconductors, removal of trade restrictions, and reduced US support for Taiwan.
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Despite the setback, the US maintains an average tariff of 40% on China, with other legal tools available for imposing duties.
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Chinese officials are cautiously assessing the ruling, while markets in Hong Kong reacted positively to the news.
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