President Donald Trump has long said the goal of his trade policy is simply to get better deals for Americans. But as the trade war intensifies, it seems increasingly likely that his policies will lead to something more: a lasting break with China and a new alignment of global power. First, consider the evidence for the break. The current impasse ...

The European Parliament elections were hardly a triumph for the populist parties. But in Italy, the far-right nationalists were on a roll. The League won 34.3% of the vote, doubling its share in last year’s general election. The 5 Star Movement collapsed to just 17.1%, but Brothers of Italy, a smaller far-right party, took 6.5%. Two in five voters chose ...

Lenovo Group Ltd. just reported March quarter profit that climbed threefold to beat the highest analyst estimate. The Chinese computer maker’s focus on higher-margin products will offer investors some comfort that management’s turnaround strategy has been successful. That’s not wrong. But a lot has changed in the past year. The world is facing a tougher economic outlook, which will impact ...