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Donald Trump threatens an extra 100% levy as rare-earth minerals prompt a fresh spat
Catch up on global daily news
Compelling long reads
Tune into captivating conversations
Watch engaging short films
Behind the scenes at The Economist

A balance of economic terror is no basis for stability

Desperate to break China’s grip on critical minerals, the Trump administration is splashing cash around the world

With a more focused approach, it could break China’s chokehold

Pushing back could threaten a trade deal and progress on Taiwan

Tariff wrangling will stretch through the rest of Donald Trump’s term, and beyond

The old continent must play to its strengths as a large market with stable rules