In the early days of President Trump’s second term, China was ready to negotiate on trade. Then came Liberation Day. Now China is ready with a trade war arsenal taking aim at U.S. companies. WSJ’s Lingling Wei explains how China is gearing up for an extraordinary conflict with no immediate exits. Kate Linebaugh hosts.

President Trump has a new vision for the Environmental Protection Agency that significantly rolls back environmental regulations. Kate Linebaugh speaks to the man overseeing that vision— Administrator Lee Zeldin, about his plans and new approach to environmental governance. 

President Trump is ramping up his long-planned tariff war, promising to restore “Boomtown USA.” Before the start of the president’s first term, one small town made a bid to revive its manufacturing glory days. After a foreign company came to town, it made some headway. WSJ’s Chao Deng explores the story of Newberry, South Carolina.