How Brexit, a Startling Act of Economic Self-Harm, Foreshadowed Trump’s Tariffs

Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after all, embarked on a similar experiment in economic isolationism when it voted to leave the European Union in 2016. Nearly nine years…

In U.S.- China Tariffs Standoff, Trump Showed Xi He Has Limits

President Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked on Wednesday afternoon in the face of financial turmoil,…

Is Trump Having a Liz Truss Moment?

A major Western leader announces an unorthodox economic policy, panicking the financial markets, driving down the country’s currency and fueling a blizzard of warnings about the dire long-term consequences. President Trump did all this with his across-the-board tariffs, announced last…

Why Germany Wants to Loosen Its Debt Brake

The German Parliament is set to vote on Tuesday on a plan to loosen government borrowing limits in order to spend heavily on defense and infrastructure, in an effort to offset America’s pivot away from Europe and to lift the…