If Donald Trump had his way, the US wouldn’t import any German cars at all. “Build them here!” he barked in a recent tweet threatening 20 percent tariffs on European automakers. No matter that the Germans have invested billions of dollars in US plants and their employees build hundreds of thousands of cars in the country annually, many of them ...

Global worries over trade wars, central bank rate hikes and geopolitical instability have hammered emerging-market debt in recent months. The fact is, over the past decade, many developing and low-income countries have simply borrowed too much. They borrowed from the markets, from banks and from other countries. In particular, they borrowed from China, which has averaged more than $100 billion ...

German Chancellor Angela Merkel has proved once again she is the ultimate political survivor. As the immediate threat of a collapse of her government coalition passes, so does one source of some of downward pressure on the euro. That pressure has been pretty substantial over the past two months, and the blowup in Italian politics in mid-April was just a ...