Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal

Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal

President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when an advanced Western economy threw up walls around itself. Like Brexit, Britain’s fateful vote nearly nine years ago to leave the European Union, Mr. Trump’s tariffs struck a hammer blow at…

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Soaring Bond Yields Put U.K. Government’s Economic Plan at Risk

Soaring Bond Yields Put U.K. Government’s Economic Plan at Risk

Governments around the world are uncomfortably watching their borrowing costs rise, following the lead of the U.S. Treasury market. But even in a global rout in bonds, Britain stands out. British government bonds, known as gilts, are suffering a particularly harsh sell-off, as investors recoil from the country’s low economic growth, stubborn inflation and high…

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