Why China Won't Back Down On Trump's Tariff Shakedown

When President Trump announced his tariffs to the world, China was right at the top of the list, and it was hit with one of the largest tariffs of the day. This was supposed to get Beijing to the negotiating table to beg for tariff relief, but instead Xi Jinping declared a trade war, and said that China would win this, and any other sort of war Trump wanted to fight with them. Why did it escalate so quickly? Because Trump's power play is about trying to hold on to American hegemony and China is determined to oust it from the top slot. So this one is in deadly earnest. Let's discuss.