Donald Trump and Xi Jinping are locked in a tit-for-tat trade war, as both sides refuse to back down from retaliatory tariffs. China was hit with a whopping 125 per cent levy on exports to the US, and has fought back with 84% tariffs on American goods. So who will blink first? 

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Guest: Rana Mitter, ST Lee Chair in US-Asia Relations at the Harvard Kennedy School. 

Host: Manveen Rana.

Producer: Sam Chantarasak.

Clips: Reuters, CBS News. 

Photo: Times Design.

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