The US-China trade escalation has no end in sight. Here’s why Beijing’s not backing down

What was supposed to be a historic, era-defining trade war launched by US President Donald Trump against a range of countries has, for now, narrowed in on a singular target: China.On Wednesday, Trump announced a three-month pause on all the “reciprocal” tariffs that had gone into effect hours earlier – with one exception, deepening a confrontation set to dismantle trade between the