A protracted trade war could trigger a global recession and shift the balance of power in ways that fundamentally undermine U.S. standing in the world.

A professor at M.I.T. on how Xi Jinping is likely to respond to U.S. tariffs and why the standoff won’t weaken the Chinese Communist Party’s grip on power.

Consumers, businesses, and even the prospects for U.S. manufacturing are all likely to become casualties in the escalating trade war between the U.S. and China, trade experts said.