The tit-for-tat between the U.S. and China is gearing up quickly, most recently with China’s State Administration for Market Regulation on Monday opening an antitrust probe into chip giant Nvidia.The probe,

This week, the White House added to the list of Chinese companies blocked from receiving certain American chip technology.

China has launched an antitrust investigation into Nvidia, the U.S. chipmaker renowned for its artificial intelligence and gaming processors. Announced on Monday by the State Administration for Market Regulation,

China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate as it girds for more trade tensions with the U.S. as Donald Trump returns to the White House.

President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month — extending a diplomatic olive branch even as Trump threatens to levy massive tariffs on Chinese goods.

Here's a look at how the showdown between the world's two largest economies played out the last time Trump was in office and where things might be headed now.