As Xi Jinping prepares to host Donald Trump for a delayed summit in Beijing on May 14-15, a lot has changed since the US president’s last visit to China in November 2017. Trump’s first trade war with China began in earnest the following year, ushering in a new era of trade tensions between the world’s two largest economies.

Trump will travel to Beijing in the wake of a US Supreme Court ruling in February that struck down his “Liberation Day” tariffs. The Trump administration responded by imposing a 10% universal tariff on all goods coming into the US, but it’s time limited to 150 days under US law and will expire on July 24. Since the ruling, both........

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