With a Fresh US Tariff Kicking In, China Faces ‘Huge Challenge’ at Home: Analysts

With the U.S. tariff rate on Chinese imports rising dramatically to 104 percent starting April 9, President Donald Trump has expressed a willingness to negotiate with Beijing. Analysts, however, have low expectations that Chinese Communist Party (CCP) leaders will budge on tariff issues, despite the fact that exports are a crucial pillar of the nation’s struggling economy. “For the sake of maintaining face, the Chinese Communist Party won’t soften its stance,” said William Chung, an expert on U.S.-China-Taiwan relations at the Institute for National Defense and Security Research, a think tank funded by the Taiwanese government. “It’s possible that [Beijing] engages [with Washington] in private, but … the Communist Party has made absolute statements, leaving very limited room for maneuver,” Chung told The Epoch Times....