This week’s covers

As Liberation Day dawned our editors had a feeling that, after weeks of suspense, President Donald Trump’s big tariff announcement was going to be an anti-climax. And because he was due to speak on Wednesday, just an hour before our cover had to go to the printers, we wouldn’t have much time to react. So we prepared two covers—one squarely on trade and the other on China, in case Mr Trump’s squib was damp.