Will Trump hike China tariffs this weekend?

Via Reuters:

U.S. President Donald Trump is expected to meet with top advisers on Thursday about planned Dec. 15 tariffs on nearly $160 billion in Chinese consumer goods, three sources familiar with the plans said.

U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and White House advisers Larry Kudlow and Peter Navarro will participate in the meeting, but the final decision will be up to Trump, the sources said.

Emails had been circulated among a small group of senior officials in recent days, arguing that previous tariffs had had a muted impact on the U.S. economy, a separate source familiar with the administration’s thinking said.

“I’m expecting them to raise the tariffs on Sunday,” said the source. “The administration is preparing its talking points about how that’s the right thing to do. The message is that it will not be painful.”

Nobody is expecting this.

David Llewellyn-Smith
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