Javier Milei’s next gamble: letting the peso off the leash
Surprise easing of currency controls relieves economic risk but sharpens electoral pressures
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The capacity crunch linked to artificial intelligence could complicate Washington’s race to lead in the technology
Trump’s about-face on tariffs reveals chaos at the core of his presidency
Time will tell how much damage has been inflicted on the credibility of Trump’s economic policy and administration
Donald Trump’s climbdown on Wednesday from the most draconian aspects of his tariff regime has uncovered a damning picture of chaos at the heart of his presidency without necessarily alleviating their most painful effects.
The president’s landmark “liberation day” unveiling of tariffs in the White House Rose Garden on 2 April was supposed to be symbolic gateway to his promised “golden age of American greatness”; instead, it triggered a cascade of global market crashes that prompted warnings of a recession, or even a 1930s-style depression, while Trump brushed it all off as temporary “disruption”.
IMF chief warns US to ‘strike trade deals swiftly’ or risk damage to global economy
Kristalina Georgieva calls for trade policy settlement and says tariff wars have ‘spiked uncertainty off the charts’
IMF managing director Kristalina Georgieva has urged the US to strike trade deals urgently, to limit the damage to the global economy from Donald Trump’s tariff policies.
Speaking at a press conference at the IMF’s spring meetings in Washington, Georgieva declined to criticise the US administration directly; but warned that what she called “major trade policy shifts” had “spiked uncertainty off the charts”.