The unravelling of us-china trade

Picking through a murky market outlook for the rest of 2025

“Pick a side,” says The Economist. While the US and China have smoothed over their own trade spat, US strategy has pivoted to pressuring “unfortunate third countries” to do the dirty work of isolating

“A latter-day Rip Van Winkle… napping since the start of the year, might think not much had changed” over the past six months in financial markets, says Randall Forsyth in Barron’s. The S&P 500 index

Vietnamese stocks have rallied to a three-year high after the country became the first in Asia to secure a trade deal with America following the announcement of “liberation day” tariffs in April. US p

Issue of the week: renewed tariff turmoil ...

Europe has been a winner while US has been a (relative) loser