Trump turns tariff war into high-stakes showdown with China

By pausing global tariffs against dozens of countries and raising them on China, President Trump has set up a high-stakes showdown in hopes he can pressure Beijing into a face-saving deal after weeks of global turmoil.

- Lingling Wei, Alex Leary & Jared Malsin

That the days of ripping off the U.S.A., and other countries, is no longer sustainable or acceptable. So far, Beijing has hit back at each round of tariff increases from the U.S. by raising duties on American products and targeting U.S. companies. The clash likely means higher costs for U.S. consumers and locks the world's two largest economies.