After raising tariffs on U.S. products and warning citizens to rethink U.S. travel plans, Beijing accused a U.S. government agency of hacking infrastructure.
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.
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.
China has struggled to reverse the decline in foreign investment, especially as its economy braces for the impact of additional tariffs imposed by Washington.