The EU has validated Trump’s bullying trade agenda
The US president’s deals are not a win-win for the global economy
The US president’s deals are not a win-win for the global economy

Relief at avoiding trade war is tinged with regret at not taking firmer stand from the start

European institutions and capitals divided over how far to push back against Washington without hurting Ukraine

This week’s rejection of the US president’s Hormuz request is remarkable. But the EU is still at the mercy of events

The bloc has the strength not to offer the US anything

The US president’s ‘liberation day’ tariffs spooked markets but the global trading system has proved to be resilient

The US president is increasingly tying trade policy to geopolitics, using economic might to bend countries to his will