– The governments of the US and mainland China will meet to discuss trade relations, potentially leading to lower tariffs, although there are significant barriers to a deal before July. The US government in the meantime has clarified Section 232 automotive tariffs, including tariff rebates and a removal of layering, although that has not prevented Ford Motor Co. from raising prices. At first glance, the US-UK trade deal is largely a narrowly focused sector-specific deal that keeps the headline 10% reciprocal rate in place.
– Price increases are also a key strategy fo...