Trump’s ‘reciprocal’ tariffs would be debilitating for poor nations, UN trade body warns

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Emerging markets’ unexpected outperformance after “liberation day”

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters … Read more

Javier Milei has learned to love the peso. Will Argentina follow him?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Argentine peso, Javier Milei told voters while seeking the presidency, was “worth less than excrement”. His solution? To replace it with the US dollar and burn down the central bank. Eighteen months later, Milei … Read more

Will China back down?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The White House has announced dizzyingly high — and hard-to-follow — tariffs on goods from China. And Beijing has responded. But the real trade war may be between the US president and the American consumer. … Read more