President Trump’s decision on Saturday to impose new tariffs on imports from China poses a dilemma for Beijing’s leaders: Is it better to ignore the new tariffs or retaliate? Doing little runs the risk of looking weak in the eyes of the Chinese people. China’s extensive domestic propaganda apparatus has …
When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with Mexico. Now, nearly a billion dollars of commerce and more than 15,000 trucks roll over the line every day just a quarter mile from his …
Decades of trade integration across North America are on the precipice of major disruption by tariffs that President Trump says he wants to impose on Canada and Mexico, the United States’ top trading partners. And while tariffs are predicted to inflict pain on all three nations, they would cause more …
A year ago, India was bouncing back from a recession caused by Covid-19 with a spring in its step. The country had overtaken China as the most populous country, and its leaders were declaring India the world’s fastest-growing major economy. This was music to the ears of foreign investors, and …
To get its citizens to have more children and stop its population from shrinking, China has tried it all, even declaring having babies an act of patriotism. And yet, for the third year in a row, its population got smaller. Not even a surprise uptick in the number of babies …
The economic scars of China’s real estate crash are evident at the country’s many street markets for construction materials. Proprietors of once-bustling shops that sell everything from lighting fixtures and doors to toilet bowls are aching for customers. At the same time, China’s exports have climbed sharply. Companies are shipping …
After decades of mounting damage from climate-fueled natural disasters, researchers have compiled many misery-filled data sets that trace the economic fallout over weeks, months and years. The fires still burning in Los Angeles are sure to rank among America’s most expensive — but there is no perfect analogue for them, …
For years, as oil and gas companies increased production, they hired lots of workers, enriching communities across the United States. That is no longer true. The country is pumping more oil than ever and near-record amounts of gas. But the companies that extract, transport and process these fossil fuels employ …
China announced on Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country’s own businesses and households spent cautiously on imports. When adjusted for inflation, China’s trade surplus last year far exceeded any in the world in the past century, …
