President-elect Donald Trump is planning new tariffs on China, but Chinese leader Xi Jinping outmaneuvered his last trade war at every turn, William Pesek writes in a guest commentary.

Donald Trump’s return to the White House is set to have profound implications for China, the world and the United States itself. In the first of a series, Khushboo Razdan looks at how US firms that import goods from China are scrambling to find ways to cope with the threat of tariffs and at the implications of tighter trade policies on America’s ports and on its economy.

If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation.