There is a test that powerful countries administer to everyone else every few decades. It is not announced formally. There is no letter, no ceremony, no official notice. The test arrives disguised as a trade policy. You discover you are being tested only by watching how you respond. Trump administered that test in 2025. The […]
Over the past year, U.S. trade policy has swung sharply back toward broad-based tariffs, reviving uncertainty across global markets and supply chains. The shift began on Feb. 1, 2025, when the administration imposed new tariffs on Chinese imports, citing fentanyl-linked supply chains, unfair trade practices and trade imbalances. Days later, Washington announced plans for 25% […]
As the dust begins to settle down on President Donald Trump’s latest tariffs, speculation is growing over his next move. With the dollar as the world’s reserve currency, Trump has powerful tools to pressure allies—credit access, dollar funding, and payment systems, which may be wielded as powerful weapons to subject compliance from foes and allies […]