Global markets have been shaken this past week by a tariff tit-for-tat between the U.S. and China, as both countries engage in what has been described by Chinese officials as a “fight to the end.” This tariff war is unique as President Donald Trump reversed the majority of his “reciprocal tariffs” on dozens of other countries—keeping a universal 10% on all imports to the U.S.—while elevating those against China due to a perceived “lack of respect” at the country’s decision to retaliate.