President-elect Donald Trump has vowed to impose new tariffs on China, but Beijing is wiser and better prepared to push back this time around, analysts say.

As China attempts to move towards a consumption-based economy, the Politburo is trying to eliminate economic drags before President-elect Donald Trump imposes tariffs. While the markets are pessimistic,

With Donald Trump set to return to the White House, one of the biggest expectations from his second administration is the levying of more tariffs on Chinese goods - a move that became a defining characteristic of Trump's politics during his first term.

Chinese President Xi Jinping and Peruvian counterpart Dina Boluarte inaugurated a $1.3 billion port that could transform South American trade with Asia just as Beijing prepares for a potential trade war with the US.

Chinese President Xi Jinping will arrive in Lima on Thursday, kicking off a week-long diplomatic blitz in Latin America by inaugurating the massive Chancay deep-water port, one of Beijing's most ambitious infrastructure investments in Latin America.

Right after praising progress made during a meeting between the two leaders, the U.S. President called his Chinese counterpart a dictator in response to a question from the press.

The two leaders hadn't spoken for a year before Wednesday's summit, with relations between Washington and Beijing at their lowest point in decades.

President Joe Biden is set to meet with Chinese President Xi Jinping at an economic summit in Peru on Saturday. NewsNation Washington correspondent Kellie Meyer says the trip will likely be overshadowed by Donald Trump’s hard-line stance on China.