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Politico (11 April 2025)

Seb Starcevic, Jakob Weizman, Francesca Micheletti, Carlo Martuscelli and Andrew McDonald

Crashing markets, tariffs on penguins, recession forecasts and the backflip to end all backflips. 

After a breathlessly chaotic week, U.S. President Donald Trump called a temporary truce in his global trade war. We hope you kept up.

While much of the world (apart from tariff-battered China, of course) breathed a sigh of relief after Trump hit pause on his most severe economy-shaking levies, it is watching keenly to see if the president remains true to his word.

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