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NOTHING IS PERMANENT EXCEPT CHANGE

Ever since China was admitted to the World Trade Organization in 2001, the trade imbalance between the United States and China has become more and more lopsided. In 2001, the deficit stood at $83 billion. In 2017, it reached $375 billion. Rather than moving toward a more open economy, as enthusiasts of WTO membership predicted, […]

The United States imposed sanctions on Thursday on two Chinese shipping companies it says helped North Korea evade U.S. and international sanctions over its nuclear weapons program, the first such steps since U.S. President Donald Trump and North Korean leader Kim Jong Un’s summit collapsed last month.