The trade spat escalated earlier this month when Trump hiked tariffs on Chinese goods to a whopping 145%. China responded with 125% tariffs on U.S. goods and other countermeasures. “This is a game of chicken,” Yasheng Huang, professor of global economics and management at MIT, told ABC News.

President Donald Trump is pushing ahead with his agenda, saying he could re-impose “reciprocal” tariffs on some countries within weeks. Meanwhile, Russia launched its deadliest attack on Kyiv in nine months,