Market carnage goes global
As stockmarkets plunge, Donald Trump seems untroubled. That is scary

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.
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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

Investors realise Trump’s pause was not the salvation it appeared
As China strikes back, reality sets in
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
China has a weapon that could hurt America: rare-earth exports
It has only just begun to use it