Although China can inflict pain on the United States with the economic tools at its disposal if President-elect Donald Trump follows through on his promise to impose 60% tariffs on Chinese imports, using those tools too aggressively risks backfiring on Beijing, The Wall Street Journal reported on Sunday.  The big danger is that punishing Western companies and restricting exports of critical minerals and other essentials will only encourage the West even more in its...

The China that President-elect Donald Trump will face in 2025 is fundamentally different than the one he encountered when his first administration began in 2017, or even the one with which he negotiated a trade deal near the end of his term. Now, for the first time in more than four decades, China’s share of the world economy is shrinking—it peaked at just above 18 percent of global GDP in 2021 and stands at around 16 percent today. China’s growth has slowed significantly since the property...

After President Donald J. Trump slapped tariffs on Chinese bicycles in 2018, Arnold Kamler, then the chief executive of the bike maker Kent International, saw a curious trend play out in the bicycle industry. Chinese bicycle factories moved their final manufacturing and assembly operations out of China, setting up new facilities in Taiwan, Vietnam, Malaysia, Cambodia and India. Using parts mostly from China, those companies made bicycles that they could export directly to the United States...

House Judiciary Chairman Jim Jordan on Monday announced who would be leading the subcommittees for the 119th Congress. Jordan will remain the committee's chairman in the next Congress, while Democratic Maryland Rep. Jamie Raskin will serve as the ranking member of the coveted committee. Raskin previously worked as the ranking member of House Oversight.

In August 1999, Vladimir Putin was appointed the prime minister of the Russian Federation. Months later, as the world prepared to welcome the year 2000, he succeeded the ailing Russian president, Boris Yeltsin. When he took office, Putin declared that Russia was, and would remain, a great power. In Europe and the United States, he was seen as someone who would restore order within Russia as the country emerged from the tumult of the 1990s.

Montenegro on Tuesday extradited a South Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request, while refusing a South Korean handover plea, the Balkan country’s authorities said.

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