Also in today’s newsletter, CATL unveils breakthrough in EV batteries, and the legacy of Pope Francis
Veterans of the trade wars, they know a great deal could change before the harvest
America is not the powerhouse it once was
Governments are hoping they can offer symbolic gains to make the US president go away
Industry executives report change of approach as Beijing bears brunt of Trump’s tariffs
Commerce ministry acts amid concerns that Washington will push trade partners to isolate Chinese goods and businesses
Second-hand goods could be in vogue when levies lift prices for imports, analysts say
Vast majority of drugs prescribed in America are off-patent generics made in lower-cost countries
How the trade war will reorder the global economy — not burn it down
Automation will disrupt American jobs more widely than China ever did
Parallels are being drawn between the US tariff war and the external shock that kick-started the Indian economy in 1991
Tariff shock and market slide are among rising threats to growth, Brookings-FT Tiger index shows
Chancellor also hopes to get better tariff deal for UK in meeting with Treasury secretary Scott Bessent
It’s a lesson that the White House should learn if it wants to build up manufacturing in America
German group is first major commercial logistics company to take action after new tariffs come into force
Market Questions is the FT’s guide to the week ahead
Chinese American small businesses are stockpiling goods to delay higher costs
Traders and executives warn of limited inventories and a risk of disruption to automotive production
Han Duck-soo says Seoul owes historical debt and is open to dropping trade barriers ahead of talks with Washington
Alibaba, JD.com and Tencent among those aiding switch to domestic sales in national movement influenced by Beijing
Westport makes the world’s entire supply of the anti-wrinkle drug — now it fears production could move to the US
Plan alarms farmers and other exporters while Beijing warns of higher shipping costs and supply chain disruption
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
Nvidia has become a symbol of the looming business nightmare unleashed by Donald Trump