Xi Jinping has spent his career preparing for tariff faceoff. It may not be enough

Beijing is going full tilt at President Donald Trump as his global tariff war has narrowed into a bilateral game of chicken between the United States and the Chinese Communist Party.

Trump has set tariffs on Chinese goods at approximately 125% in an effort to force the country to renegotiate a perceived trade imbalance — with an additional 20% slapped on top to punish the country for failing to curb fentanyl production.