Finance & economics | Tariff reaction

Market carnage goes global

As stockmarkets plunge, Donald Trump seems untroubled. That is scary

A currency trader reacts with shock, near a screen showing the Korea Composite Stock Price Index.
Photograph: AP
|Hong Kong

DURING HIS inaugural address eight years ago, Donald Trump spoke of “American carnage”. In recent days he has spread something similar across the world economy: a problem he alone could fix, in his words, has become something he alone has globalised.

Explore more

Short-term pain, long-term gain, says Trump. Really?

America will be a country with shabbier roads, older airports and more dated factories

A flight from the dollar could wreck America’s finances

The currency’s dominance enables very high debts and deficits, meaning a plunge might spell disaster



Can China fight America alone?

The world’s two biggest economies begin an almighty trade clash

The tariff madness of King Donald, explained

As his policy turns on a dime, pity those tasked with justifying his actions