Why US Has Upper Hand Over Beijing in Tariff Standoff

News Analysis As reciprocal tariffs on U.S trading partners are set to take effect on Wednesday, President Donald Trump has focused much of his attention on the Chinese regime. In response to Trump announcing 34 percent in new tariffs on China—bringing total additional U.S. tariffs to 54 percent—Beijing responded with incremental 34 percent tariffs on U.S. goods, becoming the first country to retaliate. Trump raised the stakes on Monday, threatening an extra 50 percent levy on Chinese goods if the regime doesn’t withdraw its 34 percent retaliatory tariff by April 8. The new U.S. rate would take effect on April 9, and all negotiations with China would also end. The Chinese Embassy in the United States responded on April 7 by objecting to Trump’s demands, signaling the regime will not acquiesce....