#USChinaTensions The trade conflict between the world's two largest economies continues to intensify, with no indications of resolution on the horizon. Shortly after U.S. President Donald Trump threatened to nearly double tariffs on Chinese imports, Beijing affirmed its commitment to "fight to the end."

Should these proposed tariffs be enacted, the majority of Chinese imports could be subjected to an extraordinary tax rate of up to 104%, representing a significant escalation in the ongoing dispute. Key categories such as smartphones, computers, lithium-ion batteries, toys, and video game consoles constitute a substantial share of Chinese exports to the United States. However, this list encompasses a wide array of other products, ranging from screws to industrial boilers.

As a critical deadline approaches in Washington, with President Trump poised to implement additional tariffs as early as Wednesday, a pivotal question arises: which party will concede first?

"To assume that China will unilaterally withdraw from the current tariffs would constitute a fundamental error," asserts Alfredo Montufar-Helu, senior advisor at The Conference Board’s China Center. "Such an action would not only portray China as lacking resolve but would also provide the United States with increased leverage to impose further demands. We are currently at a stalemate that is likely to result in extended economic repercussions."