Xi Jinping has spent his career preparing for tariff faceoff. It may not be enough

Xi Jinping has spent his career preparing for tariff faceoff. It may not be enough


Beijing is going full tilt at President Donald Trump as his global tariff war has narrowed into a bilateral game of chicken between the United States and the Chinese Communist Party.

The White House’s aggressive position was summarized in an all-caps post to social media stating, “DO NOT RETALIATE AND YOU WILL BE REWARDED.”

But the CCP did retaliate. It responded to America’s “unilateral bullying” with an 84% tariff on all U.S. goods, declaring its intention to “fight to the end.”

Trending: Rosie O’Donnell’s Worst Nightmare Could Come True as She Finds Out Citizenship Application Has Not Been Approved

It’s an economic conflict that Chinese President Xi Jinping spent years preparing for, and the question now is whether the Chinese Communist Party’s efforts to diversify its markets and marshal new trading blocs will allow it to hold its breath longer than the U.S.,

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!