How’s the trade war going? Short answer: as badly as expected. Capricious tariffs have shown the rest of the world that the US cannot be trusted. And they have pushed trading partners away and closer

ON THE CAMPAIGN TRAIL, PRESIDENT DONALD Trump made lofty claims about the benefits of raising tariffs. They will reshore American manufacturing jobs and encourage domestic spending, he promised. “Tari

“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

Issue of the week: Venezuela and the markets ...

Is Europe’s 80-year-old alliance with America doomed? asks Michael Shear in The New York Times. US president Donald Trump’s threats of 25% tariffs on a slew of European nations, including the UK, for

FOUR WEEKS BEFORE THE BEGINNING of his second term as President, Donald Trump abruptly floated the idea of taking back the Panama Canal. It had been a quarter-century since the U.S. formally ceded to