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NOTHING IS PERMANENT EXCEPT CHANGE

Due to China’s massive trade surplus over the U.S., China can’t keep up with the magnitude of Trump’s levies — Beijing doesn’t buy enough American goods on which to impose the equivalent volume of tariffs. China may further devalue the yuan — down 8 percent since May — to help its exports, but too much […]

China’s economy is showing signs of extreme stress, and not just because of President Donald Trump’s trade war. Economic data is showing that China’s debt problems are gobbling up cash faster than more Chinese people can become consumers. To change this narrative and calm markets, China will have to make a deal with Trump by […]