PARIS—History will remember two images that symbolize the start of 2017: on one side, Donald J. Trump raising his fist the day of his inauguration
World 
Denis Balibouse / Reuters
Protectionist U.S.? Free-Market China? Not So Fast.
RED FLAG
As the new U.S. president kills the Trans-Pacific Partnership, China is repositioning itself, and may well come out ahead.

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