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The uncertainty US President Donald Trump's tariff strategy injected into global financial markets has been exacerbated by his push for bilateral trade agreements as well as legal challenges to the levies.Trump's order on "reciprocal" tariffs for exports from 69 trading partners listing higher import duty rates of 10% to 41% kicked in on August 7, raising the average U.S. import duty to its highest in a century.In the latest development, Trump said he expects to "come away with a deal" with China when he meets Chinese President Xi Jinping for talks in South Korea on Thursday.US officials said negotiators from both countries finalised a framework on October 26 for a potential agreement aimed at halting steeper American tariffs and Chinese rare earths export controls.Here is a timeline of upcoming dates and events that could have a bearing on US tariff policy.Live EventsOctober 30Trump and Xi are to meet in South Korea, with expectations building that the discussions could pave the way for a potential trade deal.November 1A 25% tariff on all imported medium- and heavy-duty trucks will take effect.Additional 100% tariffs on China's U.S.-bound exports will go into force, with new export controls on critical software, if the two countries do not reach a deal.January 1, 2026Previously levied 25% duties will rise further - to 30% for upholstered furniture and 50% for cabinets and vanities from countries without trade agreements.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onTrump trade warChina trade dealUS tariffstariff deadlinesUS import duty rates (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onTrump trade warChina trade dealUS tariffstariff deadlinesUS import duty rates(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Explore More Stories123
