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As the US president’s rollercoaster tariff policy creates global financial chaos, Tim Harford asks: is he in a fight he can’t win?

The long goodbye to the US-led world order means leaders must tread carefully

Plan alarms farmers and other exporters while Beijing warns of higher shipping costs and supply chain disruption

Also in today’s newsletter, Harvard pushes back against the White House and Yuval Noah Harari on the Trumpian world view

And a conversation with Brent Neiman, whose research was cited in the ‘reciprocal tariff’ calculations

Standstill shows how Sino-American trade war has spilled into the energy sector

Tariffs and threat of new duties on chips and computing infrastructure could frustrate American ambitions to lead artificial intelligence race

Nvidia has become a symbol of the looming business nightmare unleashed by Donald Trump

In the US president’s vision of post-liberal global disorder the weak should always surrender to the strong, writes the historian, philosopher and author

Tilt away from the US and superpower multinational tech companies

Buyers and sellers at Canton trade fair search for ways to evade levies as goods pile up in warehouses

US president raises hopes of breakthrough while meeting Italy’s leader Giorgia Meloni in Washington

Strong performance comes despite worsening ties between Washington and Beijing

First-in-queue negotiations closely watched for signs of US strategy

Progress in ‘tariff diplomacy’ will determine level of danger for economy, says Jonathan Gray

Marks and Spencer and J Sainsbury intervene over veterinary agreement ahead of ‘reset’ summit next month

Growth and inflation set to slow as central bankers prepare for tariff impact

Kristalina Georgieva warns that Donald Trump’s tariff ‘reboot’ threatens to raise prices and play havoc with markets

Unexpected move comes after US tariffs and arrest of President Recep Tayyip Erdoğan’s main political rival

Inflationary pressures are beginning to wane. See how actions taken by your central bank affect you