The ongoing trade war between the US and China has intensified as both countries have implemented a new round of tariffs, with China imposing retaliatory tariffs on $14 billion worth of US goods. Analysts warn of escalating tensions as these counter-tariffs take effect, bringing back memories of previous trade disputes. The situation has led to reflections on past agreements, including the 2020 deal, and a cautious stand from Beijing regarding negotiations, as China appears to be unwilling to make quick trade concessions. Economists predict that as US tariffs increase, China will continue to counteract, signaling a complex and potentially damaging economic landscape ahead.