After a surge in American buying in China to beat the tariffs before they took effect, the shipping news in April and May reveals the significant downside.
For the sake of democracy, user privacy, and U.S. research and development, Washington should tread carefully when using antitrust laws against big tech.
Secretary Bessent pointed out that retail trading has been light since the tariffs were announced and that the volatility was primarily institutional in nature.
Chinese exporters, having lost the U.S. market and facing difficulties in Europe, are looking to the developing world for sales—but there are challenges.