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Tariffs, debt, inflation, and markets: who pays the bill, and when.
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REPORT: Rebecca Slaughter and the FTC — the 91-Year Precedent Trump Wants to Demolish
Reportage· No. 347

REPORT: Rebecca Slaughter and the FTC — the 91-Year Precedent Trump Wants to Demolish

On March 18, 2025, Rebecca Kelly Slaughter, the Democratic commissioner of the Federal Trade Commission (FTC), learned she had been fired. Not

EXPLAINER: China's Tariff Wall Capped at 21% — Has Beijing Already Won the War?
Analysis· No. 327

EXPLAINER: China's Tariff Wall Capped at 21% — Has Beijing Already Won the War?

For more than a year, the United States has been waging the most heavily publicized trade war against China in the modern

OPINION: The tariff lottery — when Trump draws the world's trade destinies at random
Note· No. 298

OPINION: The tariff lottery — when Trump draws the world's trade destinies at random

Imagine you run a business in Singapore, Johannesburg or Manila. You have been exporting to the United States for decades. You follow

EDITORIAL: 4.2% inflation and Trump's tariffs — a hidden tax paid by Americans
Editorial· No. 295

EDITORIAL: 4.2% inflation and Trump's tariffs — a hidden tax paid by Americans

For years, Donald Trump has repeated the same claim before captive crowds, in lengthy tweets, in improvised press conferences: tariffs are paid

COMMENTARY: Trump threatens France with 100% tariffs on its wines — an Atlantic absurdity
Commentary· No. 294

COMMENTARY: Trump threatens France with 100% tariffs on its wines — an Atlantic absurdity

On June 15, 2026, hours before the G7 summit opened in Évian-les-Bains, Donald Trump dropped a bombshell in an interview with the

INVESTIGATION: Trump's trade war — who pays, who profits, and why Beijing wins
Investigation· No. 293

INVESTIGATION: Trump's trade war — who pays, who profits, and why Beijing wins

Since January 2025, Washington has launched the largest tariff offensive since the 1930s. Customs duties of 145% on Chinese goods, taxes ranging

FACT-CHECK: Trump claims his tariffs are paying down the debt — the numbers say otherwise
Analysis· No. 292

FACT-CHECK: Trump claims his tariffs are paying down the debt — the numbers say otherwise

Since April 2, 2025 — the day of the famous "Liberation Day" — President Donald Trump has hammered a single idea with

REPORT: $22 billion rushed back — the historic puzzle of tariff refunds
Reportage· No. 291

REPORT: $22 billion rushed back — the historic puzzle of tariff refunds

On February 20, 2026, the United States Supreme Court issued one of the most consequential trade decisions of the modern era. In

EXPLAINER: 60 economies in Trump's crosshairs — forced labor and Chinese overcapacity
Analysis· No. 290

EXPLAINER: 60 economies in Trump's crosshairs — forced labor and Chinese overcapacity

On June 2, 2026, U.S. Trade Representative (USTR) Jamieson Greer announced a proposal for new tariffs striking 60 economies — virtually all

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