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The Economist
 
 
  
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March 11th 2025

The Economist today

The best of our journalism, handpicked each day

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Roger McShane

US digital editor

It wasn&rsquo;t even a month ago that the S&P 500 index reached its peak. But a steady drip of discouraging economic data, along with Donald Trump&rsquo;s erratic protectionism, have shaken investors&rsquo; confidence. Mr Trump's latest lurch has involved tariffs on 
 
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Canadian steel and aluminium ,
 which he threatened to raise, then reconsidered. Investors are already looking for alternatives to America&rsquo;s 
 
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convulsing stockmarket .
 But their usual boltholes face difficulties, too.

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A place of greater safety

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Will America’s stockmarket convulsions spread?

&rarr; 
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How Trump provoked a stockmarket sell-off

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Steeled for hardship

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Trump’s metals tariffs will cost American industry dearly

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Not least because the president keeps threatening to ratchet up duties

&rarr; 
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It is not the economic impact of tariffs that is most worrying

Start your free trial today

Get digital access to independent global analysis

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Seeking highs

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China’s AI boom is reaching astonishing proportions

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What might derail it?

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Syria’s sectarian chaos

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A horrific killing spree shakes Syria

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The CDC files

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DOGE is driving America’s public-health guardians mad

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Internal emails and interviews portray a workforce seized by fear and confusion

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Illegal narcotics

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The tech bros selling drugs by drone

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Faith estate

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A new law targets India’s third-biggest landowner: Allah

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Narendra Modi’s government seeks control of thousands of Muslim sites

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Bagehot

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How Mumsnet changed Britain

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The parenting website turns 25 this month

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Dream on

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Chimamanda Ngozi Adichie: novelist or polemicist?

Podcast

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The Intelligence

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Syria’s sectarian violence reveals the frailty of unity

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Also on the daily podcast: why it is time to pay off your mortgage and top-notch satellite data get democratised

Figure of the day

85%, the proportion of people who say they experienced an annoying co-worker last year. (The rest were presumably sole traders or liars.) 
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Read the full story.

Most read by subscribers

&rarr;

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How Trump provoked a stockmarket sell-off

&rarr;
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Donald Trump&rsquo;s economic delusions are already hurting America

&rarr;
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The behaviour that annoys colleagues more than any other

&rarr;
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Why New Zealanders are emigrating in record numbers

Also from The Economist

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Syria’s sectarian violence reveals the frailty of unity

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<div class="preheader" style="font-size: 1px; display: none !important;">Also: The crushing cost of Trump's metals tariffs</div>
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									<b>Roger McShane</b><br>
									US digital editor</p></td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px; " class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
 
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         It wasn&rsquo;t even a month ago that the S&amp;P 500 index reached its peak. But a steady drip of discouraging economic data, along with Donald Trump&rsquo;s erratic protectionism, have shaken investors&rsquo; confidence. Mr Trump's latest lurch has involved tariffs on 
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=c528eae286ded7bb6888900f84f78f3adb2412b389940cd70761152f254406bc194422af37e5564621a5b8d1f9f4d201b0d85c16b424c3bf5d3a050f6e12d3f2" style="text-decoration:none;" title="Canadian steel and aluminium">Canadian steel and aluminium</a>,
          which he threatened to raise, then reconsidered. Investors are already looking for alternatives to America&rsquo;s 
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          But their usual boltholes face difficulties, too.&nbsp;</p></td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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