The Trump administration not only wants to radically reduce economic ties with China, it is pressuring others, including the EU, to follow suit. This should happen on Europe's terms.
Volatility and uncertainty are unavoidable. Reacting negatively and destroying wealth is not. We have the tools to thrive in a world in turmoil.
The US aircraft manufacturer is exactly the type of multinational the Trump administration claims to champion, but its trade policy is prompting warnings from customers from Ireland to China – not to mention Boeing's own supply chain.
Asked about the global turmoil triggered by Trump, Stripe co-founder John Collison had “nothing new to say”. This might be the wisest approach.
Tariffs are just one way Trump aims to undercut competitors of the US with climate free-riding, corporation tax policy and general rogue state behaviour all lined up to put pressure on Irish policymakers.
Populist leaders claim to solve complex problems with simple solutions. In practice, they sow confidence-wracking uncertainty.
As the second Trump administration turns governance into a spectacle of contradictions and media manipulation, the American press struggles to maintain credibility amidst a cacophony of misinformation and partisan distrust.
The next move is the EU's after new US tariffs were announced overnight. The balance between proportionate and escalatory retaliation is a fine one when dealing with any adversary. It is finer still when dealing with Donald Trump.
The end of US dominance was never likely to be smooth. But that Washington would ditch decades of settled wisdom in a matter of weeks is almost unimaginable.
As Trump's 20% tariff announcement sinks in and the EU responds, The Currency's recent reporting and analysis offer avenues to take a step back and prepare for the turbulent period ahead.
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