In early 2024, China was struggling through a sluggish post-pandemic recovery, thanks to weak consumption, ongoing worries about property, and a continued hangover from a regulatory crackdown on China’s tech sector.

China’s manufacturing sector continued to expand in March, another sign of green shoots in the world’s second-largest economy as policymakers gear up for potential U.S. tariffs this week.

Chinese tech stocks in correction territory amid profit-taking, selloff. Musk’s SpaceX, Apple at loggerheads over satellite internet. Eli Lilly’s lepodisiran slashes inherited heart disease.

In a major expansion of Elon Musk's government role, he will be briefed on military plans for potential war with China

Today’s Forbes Daily covers Trump’s auto tariffs, Wall Street’s warnings of a fragile market, MLB’s most valuable teams, Tesla’s China competition and more.

Tech stocks took a direct hit. NVIDIA ( NASDAQ:NVDA) lost 5%, Tesla ( NASDAQ:TSLA) fell off a cliff with a 7% drop, and Palantir ( NASDAQ:PLTR) plummeted 8%.

President Donald Trump imposed the steepest American tariffs in a century, stepping up his campaign to reshape the global economy and unnerving investors who see a trade war as a risk to US growth.