Trade

Indian school students form the Chinese characters for the name of Chinese President Xi Jinping.

The Leaders of the World’s Two Biggest Countries Meet—and Come Away With Little Progress

Flashy summits between Xi Jinping and Narendra Modi don’t achieve much because India has a weaker set of cards than China. To change the game, New Delhi needs to hew closer to Washington.

Chinese Vice Premier Liu He presents U.S. President Donald Trump with a letter from Chinese President Xi Jinping after the two discussed a U.S.-China trade agreement.

The Pretend Trade Deal

Both the United States and China want a bargain. But they’re fooling themselves if they think it’s happening.

U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He.

Trade War Pause Leaves Few Happy

Mini-deal between the United States and China brings relief to farmers but offers no long-term solutions.

U.S. President Donald Trump speaks on Asian trade at the White House.

The Trade War Is Only Getting Worse

Any expectations that high-level U.S.-China talks this week could produce a grand bargain on trade have all but evaporated.

G-20 summit dinner

Trump’s Credibility With China Plummets

The U.S. president’s casual request for an investigation of the Bidens has Beijing saying no thanks—and largely ignoring his demands as trade talks look headed for a tough run.

U.S. stock market indices plunged after weak manufacturing numbers and fears of a recession on Oct. 1.

Rumblings of Recession Get Louder

With U.S. manufacturing taking its worst hit since the Great Recession, signs of a global economic downturn are everywhere.

White House trade advisor Peter Navarro successfully led U.S. demands for reform of the Universal Postal Union in an extraordinary meeting in Geneva, Sept. 24, 2019.

Trump Scores a Big Victory—on Stamps

The United States tries to level the playing field for postal services worldwide.

U.K. Prime Minister Boris Johnson arrives for a meeting with United Nations Secretary-General António Guterres at the U.N. General Assembly in New York on Sept. 24.

Now It’s Really ‘Do or Die’ for Boris Johnson

Following a high court ruling that his suspension of Parliament was unlawful, the lame-duck British prime minister will have to confront a hostile Commons.

Chinese police officers watch a cargo ship at a port in Qingdao, in China's eastern Shandong province, on March 8, 2018.

Trump Can’t Decide What He Wants from China

Some of his policies point to deeper integration, some to decoupling. He’ll need to pick one—or fail at both.

A clerk counts stacks of Chinese yuan and U.S. dollars at a bank in Shanghai on July 22, 2005.

Will Trump Break the Yuan?

The trade war has ended in a stalemate. The currency war has just begun.

Chinese army soldiers perform drills during a demonstration at an open day at the Ngong Shuen Chau Barracks in Hong Kong on June 30.

Trump’s Economic Iron Curtain Against China

The president is signaling he wants to disassociate from Beijing more than he wants a deal. The impact could be incalculable.

Dollars and yuan notes are seen at a bank on May 15, 2006 in Beijing, China.

The United States Will Miss China’s Money

The rattled stock market gets all the trade war attention, but it’s the sharp decline in China’s U.S. investments that should alarm Americans.

British Trade Secretary Liz Truss arrives at No. 10 Downing St. for a cabinet meeting in London on July 25.

Capitol Hill Could Imperil Any New U.S.-U.K. Trade Deal

Despite Trump’s eagerness to help a post-Brexit Britain, plenty of obstacles stand in the way—and not just the usual suspects.

Cows stand under a sign for a disused Irish border vehicle registration and customs office outside Dundalk, Ireland on Nov. 14, 2018 near the Northern Irish border.

Don’t Blame Boris for the Brexit Backstop Impasse

Britain’s Conservatives and their Democratic Unionist Party allies aren’t the only obstacles to a deal. The EU and the Irish government are also being needlessly stubborn.

South Korean protesters participate in a rally to denounce Japan's new trade restrictions on South Korea in front of the Japanese embassy on August 03, 2019 in Seoul, South Korea.

Japan Started a War It Wasn’t Ready to Fight

Tokyo picked a trade brawl with Seoul—but wasn't prepared for the inevitable blowback.

A trader works at the New York Stock Exchange in New York City on Aug. 5.

Currency War With China Dooms Trade Talks

Trump’s puzzling move to ratchet up tensions won’t work, experts say.

United States Trade Representative Robert Lighthizer (center-left) shakes hands with China's Vice Premier Liu He (center-right) as U.S. Treasury Secretary Steven Mnuchin (L) and China's Commerce Minister Zhong Shan (R) look on at the Xijiao Conference Center in Shanghai on July 31.

Trump Hired Robert Lighthizer to Win a Trade War. He Lost.

The Trump administration’s obsession with trade threats, tariffs, and bullying both allies and rivals into submission was based on an ambitious theory. It turned out to be a fallacy.

U.S. President Donald Trump announced further tariffs on $300 billion worth of Chinese goods, which will make imports like these into Long Beach, California, even more expensive.

What’s Trump’s Plan With the Latest Tariffs on China?

Frustrated by the slow pace of trade talks, the U.S. president threatened even more tariffs on $300 billion worth of Chinese goods, rattling markets and sowing fears of slower growth.

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