India’s Millions of New Investors Are Reeling From Tariff Turmoil

Millions of small investors have piled into India’s stock market in recent years, eager to build wealth by betting on the country’s economic growth. Catchy advertising and easy-to-open online trading accounts have wooed young people and retirees alike, demystifying investing and fueling the exuberance. This week, many of those investors got a rude shock — … Read more

China Dismisses Ukraine’s Assertion That ‘Many’ Chinese Are Fighting for Russia

China’s foreign ministry on Wednesday rejected accusations by Ukraine that more Chinese citizens were fighting there on behalf of Russia, calling the assertion “groundless.” President Volodymyr Zelensky of Ukraine had said a day earlier, without providing evidence, that two Chinese men fighting alongside Russian troops had been captured and that there were “many more” on … Read more

China Condemns American ‘Protectionism’ – The New York Times

The Chinese government on Wednesday issued a lengthy denunciation of American trade policies, accusing the United States of years of protectionism and of violating the trade agreement the two sides had negotiated late in President Trump’s first term. The document was issued by Beijing’s cabinet information office several hours after Mr. Trump raised to 104 … Read more

For U.S. and China, a Risky Game of Chicken With No Off-Ramp in Sight

A doubling of American tariffs on Chinese goods. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as tensions between them have risen. The acceleration … Read more

India’s Drug Makers Shudder as Trump Again Threatens Tariffs

An important segment of India’s business community woke up Wednesday to a fright: President Trump had again brandished the threat of tariffs on pharmaceutical imports. “We’re going to be announcing very shortly a major tariff on pharmaceuticals,” he told guests at a dinner held by the National Republican Congressional Committee. India has spent most of … Read more

China Censors Hashtags Mentioning ‘104%,’ the Size of Trump’s Tariffs

Chinese censors appeared to be carefully curating public discussion about the U.S. tariffs that took effect on Wednesday. They promoted criticism of the United States, while seemingly playing down the specifics of how President Trump’s move would effectively increase import taxes on Chinese goods to 104 percent. On Weibo, a popular social media platform, several … Read more