By the scandalous standards of recent policy on immigration, it may seem like small potatoes. With a federal court demanding that separated parents and young children be reunited, and the Trump administration saying it doesn’t know where all of them are, instances of ordinary incompetence might seem hardly worth mentioning. Even so, the findings of a new Government Accountability Office ...

China is not just another front in President Donald Trump’s war on trade. Unlike Mexico, Canada, Europe and other targets of the president, China will be a source of economic conflict for years to come, long after the tariff level on soybeans has been settled. Like the rivalry with the Soviet Union, economic competition with China may form a cold ...

Hong Kong’s banks are finally raising mortgage rates. This won’t stem price gains in the world’s most expensive city for real estate. Already up 14 percent this year, Hong Kong’s home prices now overshadow those of New York and London relative to incomes. A key reason behind the unstoppable gains: The big banks, flush with liquidity, have held off passing ...