What does the cryptic crossword clue "Nearly trick chess champion, making exchanges (7)" mean?

The definition is "making exchanges". The wordplay uses a charade (building blocks). TRA (synonym="TRA") + DING (synonym="Liren, current chess champion") = TRADING; definition: "making exchanges" The answer is TRADING.

Nearly trick chess champion, making exchanges (7)

Guardian Cryptic #29103 | 12 Across | 2023-06-22 flower

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