President Trump will want Xi Jinping to increase diplomatic pressure on Iran, but not at any price.
Trump’s tariffs v the US Constitution
The historic ruling by the US Supreme Court – perhaps the most significant challenge to executive power since the 1930s – has important implications beyond trade policy.
The flaws in Mark Carney’s new world order
Canadian prime minister is right to stress that middle powers must adapt to a new world order. Yet his rhetorical appeal to the heroism of anti-Communist dissidents, even as he builds closer ties with Beijing, is naive, misguided, and potentially dangerous.
Trade imbalances are stalking the global order
Global imbalances are unsustainable, and always unwind. The circumstances under which they do herald moments of crisis.
The post-1945 world trading system is breaking down
First published: The Times, 27 August 2025
The post-1945 world trading system is succumbing to conflict that beckons parallels with the tensions in the 1930s over intractable current account imbalances and rising protectionism.
Why the US lacks leverage over China on trade
First published: Deutsche Welle, 09 August 2025
In this interview with Deutsche Welle,