Perspective
Trump’s tariff war has failed on every front
His tax programme, chaotically rolled out, shifts in its objectives and has wrecked world trade. At home, US producers are also suffering
Tariffs aren’t the biggest drag on global trade. Standards are
Product-safety and environmental rules have multiplied like an invasive species
The major economies’ prospects in 2026
The forces shaping the performance of China, Europe and the US are largely immune to policy
Trump’s big, not-so-beautiful economic mess
Trump’s tariff wars have imposed steep costs on key allies, triggered price spikes, and hurt American producers and farmers
What Novo Nordisk, OpenAI and Pop Mart have in common
All three have suffered the curse of overnight success
Manias, panics and AI
The history of investment booms suggests three questions that should be asked of the current one
Brazil offers lesson in winning the ‘Taco’ trade
Global politicians need to understand that White House policy is driven by melodrama and instinct
How markets could topple the global economy
If the AI bubble bursts, an unusual recession could follow
China’s clean-energy revolution will reshape markets and politics
The world’s biggest manufacturer now has an interest in the world decarbonising
The steak economy is more than just high prices
Markets – like armies – march on their stomachs
