China is escalating its trade war with the United States to dangerous new heights: a ban on rare earth exports is putting global supply chains under extreme pressure. Is Beijing overestimating its economic resilience? The U.S. and China are locked…

As I write this, I have no idea what the final structure of President Trump’s tariff policy will be. So far, it has been on-again, off-again. But some of the rhetoric of Mr. Trump and members of his administration has…

The last month that the U.S. enjoyed a trade surplus with China, “Rock Me Amadeus” topped the Billboard Hot 100, Geraldo Rivera found some empty bottles in Al Capone’s vault, and Halley’s Comet passed by the planet. Yes, a ledger…