The hot air of Trump’s tariffs is approaching a ceiling of cold reality
Even before their full effect has hit, the duties are doing real damage
Even before their full effect has hit, the duties are doing real damage

Rerouting of supply chains can lead to significant reductions in emissions

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

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

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

Judicial limits on the executive today will bind the hands of future presidents tomorrow