Donald Trump faces immediate challenges on multiple fronts — managing the war against Islamic State, fixing Obamacare and boosting growth to create jobs.

However, as the fallout from his recent conversation with the president of Taiwan indicates, an increasingly assertive China poses the most vexing and far-reaching challenges for American prosperity and security.

China has accomplished hyper-growth supplying Western consumers with inexpensive goods and attracting Western investment to transfer technology. Accomplishing this, it has hardly played by the established rules and norms of global trade.