Xi Gains Leverage Over Trump After US Tariff Reversal

• The US Supreme Court invalidated Trump's broad emergency tariffs, boosting China's bargaining power before the Trump-Xi summit.
• The ruling removes Trump's ability to quickly raise tariffs, making it harder to press China for larger purchases or retaliate against demands.
• Experts suggest China will now push for access to advanced semiconductors, removal of trade restrictions, and reduced US support for Taiwan.
• Despite the setback, the US maintains an average tariff of 40% on China, with other legal tools available for imposing duties.
• Chinese officials are cautiously assessing the ruling, while markets in Hong Kong reacted positively to the news.