International Trade

President Joe Biden released a multi-pronged strategy to secure critical supply chains in products ranging from medicines to microchips, and is also weighing a potential trade probe that could result in U.S. tariffs on certain magnet imports, officials said.

China’s rise in the international arena has been meteoric: from a former obscure communist state that was once caught in the web of internal dissent and deep political turmoil, China has risen to become a global political, economic and military heavyweight whose actions and defiance of what is called “rule-based order” cause trepidations among much of the world.