China has reached a temporary truce with the U.S. on trade. The world’s second-biggest economy reported a record $1.2 trillion trade surplus for 2025. Source: cnbc.com

Readers respond to two guest essays about the changes that artificial intelligence will wreak on the work force. Also: The shoes of the Trump men. Source: nytimes.com

Premier Li Qiang paints contrast to US at business gathering in Beijing as Donald Trump gets bogged down in Iran Source: ft.com

Tehran’s unwillingness to capitulate as the war enters its fourth week is wrapped up in the power it exerts over the Strait of Hormuz, officials in the region say. Source: washingtonpost.com

This year marks the 250th anniversary of “The Wealth of Nations”—and capitalism is facing a legitimacy crisis. What comes next may not be another ideology. Source: fortune.com

This will have economic consequences for the places they leave and their destinations Source: economist.com