After Trump’s Bonhomie in Beijing, a Trade Face-Off Brews

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HANOI—On its face, Donald Trump’s deference to Xi Jinping at their summit was a victory for China, although not nearly the surrendering of U.S. leadership in Asia to the Chinese strongman that some critics allege.

Mr. Xi’s China, Mr. Trump said, paying fulsome tribute to the omnipotence of the newly crowned supreme leader standing next to him, could fix the Korean nuclear crisis “easily and quickly.”

On…

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