A flurry of activity reveals how Beijing is prepared to act swiftly and forcefully in an intensified diplomatic and trade standoff with Trump, analysts said.

The migration of manufacturing to Mexico could undermine Trump’s promise to voters that ratcheting up tariffs on China would incentivize companies to bring production back to the U.S and give American companies a more even playing field.

China has strengthened trade with Latin America at the expense of the U.S. But Donald Trump, who threatens to raise tariffs on Mexico, could upend those ties.