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... Instead of crumbling under the highest U.S. tariffs in almost a century, the global trade system has been recast along new lines. Here are six stories of how.

Six stories that show how real people and companies in the global economy are rapidly adjusting to the new rules of trade.
https://www.wsj.com/economy/trade/trump-trade-war-tariffs-impact-2025-bf93731a

... Mexico braced for a tariff hit when Trump raised trade barriers. Instead, its exports to the U.S. surged—helped by lower rates than rivals.

Its exports to the U.S. have surged since President Trump imposed new import duties on countries this year.
https://www.wsj.com/economy/trade/mexico-exports-us-trump-tariffs-e891510a

... Tens of thousands of imports are being stopped from entering the U.S. Those that can’t clear customs because of missing or incomplete information are returned—or destroyed.

Small imports that had cleared U.S. customs quickly and easily are now stranded because of changing tariffs and tougher enforcement.
https://www.wsj.com/economy/trade/customs-crackdown-leads-to-blocked-destroyed-imports-e8783ca9

... The number of Americans who filed for new unemployment benefits decreased in the Christmas holiday week

New claims fell in the holiday week but stayed near a monthslong range, as U.S. employers hesitate to let go of their workforce.
https://www.wsj.com/economy/jobs/jobless-claims-decreased-last-week-7f250804

... Chicago Fed Estimates Flat December Unemployment Rate

An estimate by the Chicago Fed forecasts that unemployment held steady in December at 4.6%, the reserve bank said.
https://www.wsj.com/economy/jobs/chicago-fed-estimates-flat-december-unemployment-rate-f3ed85cd

... The corporate playbook for next year? Don’t hire.

Large employers indicate that they either want to maintain the size of their teams next year or let go of workers.
https://www.wsj.com/economy/jobs/2026-job-hiring-growth-plans-10bc3470

... Jobless Claims Fell Last Week

The number of Americans who filed for new unemployment benefits declined last week, as the U.S. labor market faces heightened economic uncertainty.
https://www.wsj.com/economy/jobs/jobless-claims-fell-last-week-2282a851

... The U.S. labor market is ending 2025 on a sour note: Many companies trimmed head count and wage gains slowed.

Unemployment rose and wage growth shrank this year, potentially setting up an even rougher 2026.
https://www.wsj.com/economy/jobs/2025-jobs-unemployment-charts-f231bdef

... Heard on the Street: Tax cuts will help pad wallets in 2026, but not across all income levels

The tax cuts should help some people, but changes to programs such as food stamps will hurt low-income consumers.
https://www.wsj.com/economy/consumers/the-winners-and-losers-from-2026s-mix-of-tax-and-benefit-cuts-3d93efcd

... For five older job seekers, finding new work took creativity, new skills and, in some cases, lowered expectations

Finding new work took creativity, new skills and, in some cases, lowered expectations.
https://www.wsj.com/economy/jobs/five-older-job-seekers-tell-us-how-they-broke-through-a-bruising-job-market-6d9d6e03

... Why pay more? This couple left pricey California behind for a spacious, affordable home in the Midwest

The region offers housing costs below the national median and steady wage growth.
https://www.wsj.com/economy/housing/midwest-affordable-cb362b7c

... Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Investors Gauge Rate Outlook

U.S. jobs data for December and ISM data on U.S. manufacturing and services-sector activity will be the key focus in the coming week.
https://www.wsj.com/economy/week-ahead-for-fx-bonds-u-s-jobs-data-in-focus-as-investors-gauge-rate-outlook-e40342cb

... Asian Factory Activity Gauges Signal Growth But Cost Pressures Cloud Recovery

Asia’s manufacturing sector seems to be on firmer ground with survey data signaling improving factory activity, though rising cost pressures could cloud any recovery.
https://www.wsj.com/economy/asian-factory-activity-gauges-signal-growth-but-cost-pressures-cloud-recovery-f164b5da

... “We’re going to lose big time.” Why condo owners are struggling with the worst market in more than 10 years.

Condo prices this fall posted their biggest declines since 2012, hit by rising homeowner-association dues and weaker demand.
https://www.wsj.com/economy/housing/the-condo-market-hasnt-been-this-bad-in-over-a-decade-9f3e7256

... U.S. Home Prices Keep Slow Growth Pace

S&P Cotality Case-Shiller National Home Price Index rose 1.4% in 12 months through October, compared with a 1.3% rise in September. This represents weakest performance since mid-2023.
https://www.wsj.com/economy/housing/u-s-home-prices-keep-slow-growth-pace-0b09966a

... China Vanke’s Brewing Crisis Suggests Limited Property Easing to Come

Many of China’s other large developers have already defaulted, and a Vanke collapse would raise questions about how policymakers plan to address the real-estate slump as it drags on into a sixth year in 2026.
https://www.wsj.com/economy/housing/china-vankes-brewing-crisis-suggests-limited-property-easing-to-come-020fd388

... Millions of homeowners are still locked into ultralow mortgage rates they don’t want to give up

Nearly 30 million households, or 54% of primary mortgage-holders, have mortgage rates at or below 4%.
https://www.wsj.com/economy/housing/mortgage-rates-homeowners-08a609eb

... Home sales rose in November for the third straight month, with lower mortgage rates injecting some fresh momentum into the long sluggish housing market 

Sales hit their highest level since February, after lower mortgage rates injected some fresh momentum into the long sluggish housing market.
https://www.wsj.com/economy/housing/home-sales-rose-in-november-for-the-third-consecutive-month-b07a2ad3

... Iran’s Calculations Are Scrambled by U.S. Raid in Caracas

The capture of Nicolás Maduro will force officials in Tehran to consider a broader range of risks as Trump threatens to intervene.
https://www.wsj.com/world/middle-east/irans-calculations-are-scrambled-by-u-s-raid-in-caracas-685eb58c

... Trump Rolls the Dice on Nation-Building With Vow to ‘Run’ Venezuela

The swift military operation delivered strongman Nicolás Maduro into custody, though his lieutenants said they were still in charge.
https://www.wsj.com/world/americas/trump-rolls-the-dice-on-nation-building-with-vow-to-run-venezuela-805a9e35