Finance & economics

First shot

Trump wastes no time in reigniting trade wars

Canada and Mexico look likely to suffer

To the hilt

How Trump, Starmer and Macron can avoid a debt crunch

With deficits soaring, their finance ministers will have to be smart

1500 race

What Scott Bessent’s appointment means for the Trump administration

The president-elect’s nominee for treasury secretary faces a gruelling job

Free exchange

What Donald Trump and Bernie Sanders get wrong about credit cards

Forget interest rates. Rewards are the real problem

Dotcom dreaming

Computers unleashed economic growth. Will artificial intelligence?

Two years after ChatGPT-3.5 arrived, progress has been slower than expected

Buttonwood

Should investors just give up on stocks outside America?

No, but it is getting a lot harder to keep the faith

Lying flat

Is China really a nation of slackers?

A new survey raises the question

Europe’s revenge

Donald Trump’s gas war is about to begin

It could annoy some of his most loyal supporters

Burgernomics

Our Big Mac index shows how burger prices differ across borders

Using patty-power parity to think about exchange rates

The 21% war

Vladimir Putin is in a painful economic bind

Russia’s reliance on China is becoming a problem

Slash and burn

How to make Elon Musk’s budget-slashing dreams come true

We offer some suggestions

Free exchange

Economists need new indicators of economic misery

Existing measures of discomfort are failing to predict elections