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‘The end of an era.’ What next for global trade?

Officials around the world are dashing to diversify their economies. But the fight between the US and China casts a long shadow

The Trump administration had a bullish message after Wednesday’s wrenching volte-face on tariffs: the continuing turmoil will do nothing to dim the US’s lustre as the world’s most attractive trading power.

The entire world is calling Washington, said press secretary Karoline Leavitt, speaking to reporters in front of the West Wing. “They need our markets, they need our consumers, and they need this president in the Oval Office to talk to them.”

The mood in other capitals could hardly have been more different. 

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