Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.

For all his bluster about trade wars, President Trump seems willing to push China only so far: Witness the deal last week to grant Chinese telecom giant ZTE a reprieve from harsh American penalties. The reason is likely to lead straight to Iowa soybean and corn farmers like Benjamin Schmidt.

Diversified supply chains are key to mitigating modern geopolitical risks, buyers have been told.

Behind the daily skirmishes over tariffs, the U.S. and China are gearing up for a longer-term battle between two very different systems of innovation. To win, America may need to start using some of its rival’s weapons.

President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5bn in large installation projects, along with thousands of jobs, the developers told Reuters.

The CEO of Taiwan’s Foxconn, which assembles Apple iPhones and other products for tech companies, said Wednesday that Washington’s dispute with China is over technology rather than trade.