USTR LAUNCHES PUBLIC COMMENT PROCESS ON U.S.-CHINA BOARD OF TRADE; SEEKS INPUT ON SECTORS AND PRODUCTS ELIGIBLE FOR U.S. TARIFF ADJUSTMENTS; SUBMISSION DEADLINE JULY 10

The U.S. Trade Representative (USTR) has initiated a public comment period regarding the U.S.-China Board of Trade, specifically seeking input on sectors and products that could be subject to U.S. tariff adjustments, with a submission deadline of July 10. This development signals a potential repricing of trade policy risk, as the U.S. government explores targeted modifications to existing tariffs rather than a broad-brush approach. Assets most exposed include Chinese equities, particularly export-oriented sectors, and U.S. companies reliant on Chinese supply chains or facing import competition, due to the direct impact on cost structures and demand. Traders will closely monitor the USTR's subsequent announcements following the July 10 deadline for indications of specific tariff changes and their scope.

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