On Major Economic Decisions, Trump Blinks, and Then Blinks Again
https://www.nytimes.com/2025/04/23/us/politics/trump-tariffs-economy.html
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
https://www.nytimes.com/2025/04/23/us/politics/trump-tariffs-economy.html
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
Trump discovers the US is no longer indispensable
https://www.ft.com/content/c2ebc194-790f-4b9c-a1d9-3e0840f0ee38
In the global game of trade poker, Trump inherited a weakening hand and is playing it extremely badly. Bessent and his other officials are in a precarious position. The US does not have the aid, the technology or the market access to exert control over global trade the way it once did, and Trump’s erratic behaviour is rapidly increasing the probability that it never will.
https://www.ft.com/content/c2ebc194-790f-4b9c-a1d9-3e0840f0ee38
In the global game of trade poker, Trump inherited a weakening hand and is playing it extremely badly. Bessent and his other officials are in a precarious position. The US does not have the aid, the technology or the market access to exert control over global trade the way it once did, and Trump’s erratic behaviour is rapidly increasing the probability that it never will.
Xi Is Ratcheting Up China’s Pain Threshold for a Long Fight with Trump
https://www.wsj.com/world/china/china-xi-trump-tariff-fight-79aca79c
Censorship and surveillance have helped keep the Communist Party in control, and they are getting better.
Trump Meets His Match: The Markets
https://www.wsj.com/politics/policy/trump-meets-his-match-the-markets-d011254c
President softens his economic and trade stances in the midst of market turmoil.
Markets Think They Hold All the Cards Over Trump
https://www.wsj.com/finance/markets-think-they-hold-all-the-cards-over-trump-978e68ce
The plunge in stocks, bonds and the dollar matter to Trump. But there’s no assurance that he will be ruled by them.