Modelling shows localising manufacturing too quickly could reduce global trade by 18%
Beijing promises to take strong measures to defend its interests
Also in today’s newsletter, Polish election result and Colorado attack
There is an urgent need to rethink financial structures that are failing billions of people
Steep fall in energy storage prices proves a game-changer for businesses
Central bank needs to mix playing defence with going on the offensive with a new policy framework and improved communication
Limiting trade, travel and freezing foreign reserves would show the EU is willing to act independently of the US
Switzerland’s success shows that a nation can revalue its way to prosperity
Former policymaker at the Federal Reserve, IMF and World Bank also taught generations of students
Also, a week of decisions on European interest rates, British defence spending and Canadian growth legislation
Trump administration official seeks to assuage growing investor concern over the country’s public finances
Meeting between Jonathan Reynolds and Jamieson Greer follows vow by US president to double tariff to 50%
The obstacles to higher growth in Britain are well known
Market Questions is the FT’s guide to the week ahead
50% levy would disrupt factories and supply chains in America’s biggest foreign supplier of the metal
Boss of US plane maker says he is working with Trump administration to navigate period of ‘uncertainty’
Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds
As the president launches a trade war, follow the latest on tariffs and executive orders
US president escalates global trade war two days after a court ruled against the legality of his levies
Prospective scholars think twice about Trump’s America and consider applying to universities elsewhere
Buying the best companies regardless of their country of origin might be the right policy
Wall Street’s S&P 500 gains 6% in May
JPMorgan Chase chief calls on Trump administration to set country on better fiscal path
Washington warns talks with Beijing are ‘stalled’ two weeks after reaching deal that temporarily lowered duties
President’s sweeping levies have increased cost of foreign goods
