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NOTHING IS PERMANENT EXCEPT CHANGE

In the 1980s, US President Ronald Reagan initiated a military spending race with the Soviet Union that ended up altering the global balance of power in ways that affected many countries worldwide. Could Donald Trump's tariff race with China lead to a similar outcome?

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During China’s greatest period of economic growth, fed by widespread industrialization that lifted millions out of poverty, inequality has also increased — at the fastest pace and to the highest level in the world. It may get worse. China’s Gini coefficient, 1 a widely used measure of income dispersion across a population, has risen more […]

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