How Trump has turned tariffs into diplomatic shakedowns
The US president is increasingly tying trade policy to geopolitics, using economic might to bend countries to his will
The US president is increasingly tying trade policy to geopolitics, using economic might to bend countries to his will

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

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

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

US trade policy hinges on obscure laws after Supreme Court ruled previous levies illegal

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