The staggering tariffs being levied on China will almost certainly test President Donald Trump’s claim that “trade wars are easy to win.” He might be right, but the president doesn’t seem to have contemplated a different question: What happens when trade wars come to an end? When one country imposes tariffs on another, the eventual resolution of the conflict does ...

In recent years, the so-called “Amazon effect” has been used to explain low inflation in developed economies: Prices are supposedly lower – and more transparent – online, forcing offline retailers to reduce prices. The effect, however, can go both ways – the influence of e-commerce makes prices fluctuate more often, reacting immediately to shocks like energy price and exchange rate ...

For its roads, power stations and other useful assets to live, a bankrupt Indian infrastructure lender must die. Infrastructure Leasing & Financial Services Ltd. (IL&FS) was seized by the government this month after unexpected defaults on its $12.5 billion of debt spread panic through money and equity markets. A new six-member board chaired by banker Uday Kotak will have to sort ...