Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.
Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.
China’s latest move: an additional 50 percent tariff on U.S. goods. Neither side wants to look weak by backing down, but a collapse of their trade ties could have profound consequences.
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure and casting itself as a responsible champion of fair trade.
Even as China offers itself to nations like Japan as a more reliable partner, its ships are pushing into their neighborhoods — sometimes on the very same day.
China’s top foreign affairs official, Wang Yi, cast his country as a force for peace and order even as Beijing provokes its neighbors and fuels trade tensions.