Trump’s tariffs turn from confused to chaotic
US trade policy is a cautionary tale but not yet a catalyst of global disaster
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

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

We may have avoided a global trade war but American consumers and businesses will still suffer

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

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