TARIFF TRACKING

The Global Waiting Game on U.S. Tariffs

Trade negotiations May

/ Trade partners delay action, betting that early concessions won’t secure better terms

Most governments are not rushing into big public negotiations specifically to head off the new Section 301 cases. The dominant pattern so far is a cautious “wait‑and‑see” stance while they keep existing trade talks alive and position themselves to negotiate once USTR’s demands crystallize.

There are exceptions, but we are not seeing a broad wave of pre‑emptive, front‑loaded concessions aimed purely at stopping 301 tariffs in advance.

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