A trade war begun by President Donald Trump early in his second term led China to halt its purchases of American soybeans.

The Japanese government is taking uncomfortable steps to prepare its citizens for a possible future war that its military would not be able to avoid.

We’re now starting to see a second China shock play out, one that looks different. This time, barred from the U.S. market by tariffs, and unable to sell enough to consumers at home, China is redirecting more of its exports to developing countries. It’s also setting up its own factories in some of these countries.