Trump’s tariffs leave us in the second worst of all worlds
We may have avoided a global trade war but American consumers and businesses will still suffer
We may have avoided a global trade war but American consumers and businesses will still suffer

Trump’s tariff war brings with it unpredictability and a consequent loss of confidence

US trade policy is a cautionary tale but not yet a catalyst of global disaster

US president’s latest ‘reciprocal’ levies hit many countries that had struck deals with Washington

No economy rises or falls for just one reason, even a shock as big as Trump’s trade policy

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

Damage caused by US tariffs has so far been muted but that won’t last