In trade’s ‘law of the jungle’, the winners are clear
It is China and the US that prosper when power sets the terms for global commerce
It is China and the US that prosper when power sets the terms for global commerce

Europe has nothing to offer and difficult decisions to make

It is no longer sufficient for the US-China trade relationship to be driven solely by cost and efficiency

Damage caused by US tariffs has so far been muted but that won’t last

Chinese artificial intelligence advances and the effects of Trump’s trade war have boosted markets outside the US

We are living in a ‘barbell’ world where international threat meets technological opportunity

There are good reasons to believe it is likely to follow the rewiring of global finance earlier this century