A month ago, I declared that President Donald Trump’s trade war against China looked like it might be winding down. I was wrong. Instead of capitulating in exchange for some agricultural purchases and other minor concessions, Trump is doubling down. He’s raising tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent, and imposing new tariffs ...

Ask any small Indian firm how long it takes to get paid by larger companies, what kind of a runaround they’re given, what devilish excuses they encounter on the way, and you’ll wonder how they remain in business. The answer is simple: They raise cash by borrowing against the value of property. Such advances are tailor-made for the entrepreneur. A ...

Every year, the Federal Reserve conducts a round of stress tests purported to ensure that the banking system can weather a financial crisis. With the latest results coming next month, people are wondering: Will the exercise become less stressful amid President Trump’s deregulatory drive? Judging from the past several years’ results, it already has. The stress tests are far from ...