Washington Post

China has found a way to profit from its excess of electricity

Foto: Imaginechina via AP Images

China is the third rail of the global economy. And by that we mean it's overloaded with electricity and prone to delivering huge shocks. Those power surges shift global markets and overload entire sectors.

On March 1, President Donald Trump announced his intention to place 25 percent tariffs on foreign steel and 10 percent on foreign aluminum. Such a move has long been threatened as part of the president's "America First" approach, but nonetheless caused alarm among economists, domestic manufacturers that rely on aluminum or steel, U.S. trading partners, and members of Trump's own party...

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