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US-China Trade War: Xi Faces Tough Challenges

US-China Trade War: Xi Faces Tough Challenges

The ongoing trade war between the US and China poses a significant challenge for President Xi Jinping, especially as China's economy struggles with slowing growth and a real estate crisis. Former US ambassador Nicholas Burns highlights that the 145% tariffs imposed by the Trump administration could backfire if the US does not unite with its allies. China has retaliated with tariffs of its own, creating a tit-for-tat situation. Burns emphasizes the importance of collaboration among major economies like the EU and Japan to effectively counter China, warning that a prolonged trade war could severely damage both countries' economies. Finding common ground is essential to avoid a deeper crisis.

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