TACO, Again! (China Edition)

Not that I’m complaining.

From SCMP via Bloomberg:

US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported, citing unnamed sources.

The two countries will not impose additional tariffs on each other during the extension, one of the sources told the newspaper. The current pause was to end Aug. 12.

So, the waiting game begins again…

Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom & Davis policyuncertainty.com, and Caldara et al. TPUD. 

One thought on “TACO, Again! (China Edition)

  1. joseph

    Hmmm? Lutnick must not have gotten the memo.

    On Fox News this very morning he says: “No extensions. No more grace periods. August 1 the tariffs are set. They’ll go into place.”

    Reply

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