Washington is working up a sweat over China’s industrial policies. There are fears Beijing will build technology companies and advanced manufacturers capable of squashing American rivals by lavishing aid on favoured sectors. Many of the tariffs the US plans to impose are aimed at products generated by this state-led agenda, most of it under the “Made in China 2025” program. ...

For all the flaws of the tax reform that Congress passed back in December, there’s one area where it appears to be working: Getting US companies to bring back the enormous piles of money they have stashed abroad. Now the question is what they will do with it. Before 2018, the US government taxed companies’ foreign earnings in a highly ...

The European Central Bank (ECB) has said it intends to end its bond-buying program at the end of this year. It was the right decision. The aim of the program was to stave off the threat of deflation, and that has been done. Nonetheless, risks remain, and the central bank can’t afford to ignore them. The euro-zone economy has come ...