A U.S.-imposed 25% tariff on Chinese imports went into effect at midnight on Friday. What does this new levy mean for both countries and future trade negotiations? Photo Composite: Crystal TaiPresident Trump’s “America First” foreign policy is being challenged on four fronts at once, creating an extraordinary test of the White House’s ability to manage multiple crises and deliver on its ambitious agenda. In Asia, China is seeking to renegotiate the terms of yearslong trade talks. North Korea is again testing short-range missiles, with talks over Pyongyang’s nuclear forces stalled.

Source: Wall Street Journal May 09, 2019 23:15 UTC