Trade dispute with the United states is a political challenge for Chinese President Xi Jinping.
FILE - In this April 27, 2019, file photo, Chinese President Xi Jinping waves as he arrives for a press conference at the closing of the Belt and Road Forum at Yanqi Lake on the outskirts of Beijing. The tariff war between Washington and Beijing poses one of the biggest challenges yet for Chinese President Xi Jinping, potentially exposing his political vulnerabilities at a time when the Chinese economy is already slowing.
Chinese and U.S. officials were due to resume talks in Washington on Thursday on the dispute over Beijing’s technology ambitions in meetings overshadowed by President Donald Trump’s threat to raise tariffs further as of Friday. It would not be catastrophic, he said. However, “it would be a different story if a sustained and escalating trade war puts the Chinese economy in a tailspin and keeps it down over a year or two.”
He also has led a major expansion of China’s military while adopting a more confrontational approach to relations with the U.S., Taiwan and countries with rival claims to territory in the South China Sea. That’s raised expectations among a highly nationalistic public and party and military hardliners that Xi will stand up to the U.S. in the tariff conflict and others likely to follow.
There is also great unease over the economy, which expanded at an annual rate of 6.4% in January-March, matching the previous quarter for the weakest growth since 2009. Perceptions of Xi’s leadership and his advisers’ handling of the trade dispute were not helped by a tweet by Trump on Sunday expressing frustration at the pace of the trade talks and vowing to raise tariffs on $200 billion in Chinese products from 10% to 25%, and apply the tariffs to just about everything the U.S. imports from China.Early in Trump’s presidency, Xi appeared adept at handling his American counterpart. That tweet appeared to catch him off-balance.
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