Trade

President Biden announced sweeping tariffs on products from China, including electric vehicles, steel and aluminum goods and solar cells. Photo: Win McNamee/Getty Images

President Biden announced his plans to ask trade officials to raise tariffs on Chinese aluminum and steel from 7.5% to 25%. Photo: Andrew Caballero-Reynolds/AFP/Getty Images

With Saudi Arabia set to host the World Expo 2030 and as a frontrunner to host the 2034 FIFA World Cup, the country is banking on a new metro megaproject to help transform its economy and improve its reputation. Photo: Royal Commission for Riyadh City

The U.S. trade deficit with China is at its lowest level in nearly 15 years. But it’s not necessarily because Americans are buying fewer Chinese goods. WSJ’s Dion Rabouin explains why, and what it means for Mexico’s economy. Illustration: Noah Friedman/Storyblocks

During a visit to China, the Treasury Secretary also raised concerns about Chinese firms and financial institutions helping provide goods to Russia that Moscow is using in its invasion of Ukraine. Photo: Florence Lo/Reuters