President Trump’s education in global trade continues. Not long ago, he declared that trade wars ‘are good and easy to win.’ He knows better now. The administration’s performance in its latest trade talks with China has been ineffectual, instructive and (yes) humiliating. Let’s be clear. China is the one major country where an aggressive American trade policy is warranted — ...

You may have reasonable expectations of what you can expect from your investments during the coming years and decades. But regardless of what your risk-adjusted return expectations are, the first rule of economics cannot be denied: There is no free lunch. I was reminded of this by a report that the League of California Cities wanted the state’s big public ...

Electric cars topped the 1 million sales milestone in 2017, a 57 percent increase over 2016. Chinese consumers alone purchased more than half a million electric cars. And Bloomberg New Energy Finance expects more than half of all new cars sold, and a third of the total light vehicles on the road, to be electric by the year 2040. But ...