Global economy defies Trump’s trade war but ‘cracks in the foundation’ emerge
Research for FT warns geopolitical turmoil, weak confidence and risk of a stock market correction threaten growth
Research for FT warns geopolitical turmoil, weak confidence and risk of a stock market correction threaten growth

Fund deputy warns policymakers are ‘steering through the fog’ as they weather Donald Trump’s unpredictable tariffs

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

Fund says fall of US currency has helped lessen effect of Donald Trump’s tariffs

Trump’s tariffs have not led to the kind of retaliatory action many expected

Few sectors will escape the negative supply shocks caused by the president’s policies

Despite the gloom over Trump trade war fallout, assets in developing economies are showing strong gains