Beijing’s escalating trade fight with Washington threatens to deepen its economic woes, but backing down risks the CCP’s hold on power, according to analysts.
A White House official confirmed that the new tariff rate on Chinese products now totals 145 percent, not 125 percent as the president suggested earlier.
Xi Jinping embarked on a charm offensive ahead of Trump’s reciprocal tariffs, but political pressure on a Hong Kong company could derail those efforts.