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boundary="kdD7n9tbLWOr=_?:" This is a multi-part message in MIME format. --kdD7n9tbLWOr=_?: Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit The Economist ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cc55aa871ffcd754766615fc1897b103905b2379cb281d4cb47c368e8abb3bc2bbd95222df06b50ab499294fe90761d6d7b96d5f904758632 https://view.e.economist.com/?qs=d5c4e3258f3c9db45e7628b9ff56346f0d8c94b98d9c6778df29d302845e74c9dbbf9782bb6824606e600dcd2fcdc55539b532cfa304adec8aab76d44e719f785bc112e21edfb1cac2c5e88d7e599710 Read in browser April 3rd 2025 The Economist this week Highlights from the latest issue https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c36d3b8670cac40831cb91525e29cf552b6d946bb3375f1fc6f09aa1ca6755d9110f51847d4fc3a7d29a30db03cc81d047aeeea050a74edf3 https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c696629175b16f7904450a8f8b7e65e2bd06fe0f7a296f1a7cd63e2b8f9161c9f4c16ac83fdc8f2ff526d1792186859b15f621eacc2d85a30 https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c5138cfd47d61494e5ac7e4d549d16f6defa0d7c8f2c7287150ce178b1e645e7208fb0edd1a32d0e822ac231f8359accfbec16356c5a0888f Zanny Minton Beddoes Editor-in-chief Watching President Donald Trump&rsquo;s Rose Garden performance yesterday, it was hard to believe what I was seeing: flawed economics, inaccurate history and cockamamie calculations used to justify the most wrong-headed and damaging policy decision in decades. Mr Trump&rsquo;s &ldquo;Liberation Day&rdquo; was more like ruination day. Our https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c696629175b16f7904450a8f8b7e65e2bd06fe0f7a296f1a7cd63e2b8f9161c9f4c16ac83fdc8f2ff526d1792186859b15f621eacc2d85a30 cover leader in most of the world predicts that these mindless tariffs will cause chaos. Almost everything Mr Trump said this week&mdash;on history, economics and the technicalities of trade&mdash;was deluded. He has long glorified the high-tariff era of the late 19th century. In fact, it was the painstaking rounds of trade talks in the 80 years after the second world war that lowered tariffs and led to unprecedented global prosperity, including for America. The country that created, and has gained mightily from, the global trade system is now trying to destroy it. The question for countries reeling from the president&rsquo;s vandalism is how to limit the damage. We argue that they should focus on increasing trade flows among themselves, especially in the services that power the 21st-century economy. There is no avoiding the havoc Mr Trump has wrought, but that does not mean his foolishness is destined to triumph. After I spent last week in China, it is even clearer just how crazy Mr Trump&rsquo;s plan is. You might think that these are anxious times in the country that America sees as its main adversary. In fact, our reporting from Beijing reveals a very different picture. Our https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c5138cfd47d61494e5ac7e4d549d16f6defa0d7c8f2c7287150ce178b1e645e7208fb0edd1a32d0e822ac231f8359accfbec16356c5a0888f cover leader in Asia spies a big beautiful opportunity for Xi Jinping. It is true that China has come out badly from Mr Trump&rsquo;s Rose Garden rant. The new total tariff level could reach around 65%&mdash;a blow to China&rsquo;s economy. But Mr Xi has been preparing for today&rsquo;s chaotic world ever since becoming the country&rsquo;s leader in 2012. His push for greater self-sufficiency means that China is now less vulnerable to America&rsquo;s economic chokeholds. To grasp this opportunity, the Communist Party needs to stop persecuting the private sector. The economy will also need more stimulus to boost domestic consumption, and more determined efforts to stabilise a long-struggling property market. As America puts up walls, China has a chance to reset trade relations around the world. Whether it seizes the moment depends on one man: Mr Xi. But the fact the opportunity exists owes much to another: Mr Trump. My next stop is Washington, DC, this weekend. Maybe I&rsquo;ll find out if there is any method to the madness. Start your free trial today Get digital access to independent global analysis https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c79d1486fa9c5439404206265d089b7a99905091781c9fe82d39047fab6fe2c0ffa95199a715dec28bb9bce5482be07fbbc24f08afeb216a6 Subscribe Editor&rsquo;s picks Must-reads this week https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c41dc7c308433e7a71eafd6b434db6c470280ea6feef2cc82b5d46a2b2462d6463e6bf84dfbc728b3da4fd7a2d93748c82af9699cfa14a1f3 https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c41dc7c308433e7a71eafd6b434db6c470280ea6feef2cc82b5d46a2b2462d6463e6bf84dfbc728b3da4fd7a2d93748c82af9699cfa14a1f3 Ruination Day https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c41dc7c308433e7a71eafd6b434db6c470280ea6feef2cc82b5d46a2b2462d6463e6bf84dfbc728b3da4fd7a2d93748c82af9699cfa14a1f3 President Trump’s mindless tariffs will cause economic havoc https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c41dc7c308433e7a71eafd6b434db6c470280ea6feef2cc82b5d46a2b2462d6463e6bf84dfbc728b3da4fd7a2d93748c82af9699cfa14a1f3 But the rest of the world can limit the damage Related &rarr; https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c695a3768cbfce59275f96b2c7472cb5910c8f877c0df95b4e3df77b679a812a61ac1bc09b6fb2937b2d4e2a595bbaca6cb374299b315bbd6 Trump takes America&rsquo;s trade policies back to the 19th century &rarr; https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c50da4535416415986109f1e2dfbcd3ece321205cd0379285e5c8125dba015457207651ef42896c4e2a37786796cf06b412a00f37bcc8c294 Financial markets flail in the face of America&rsquo;s tariffs &rarr; https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c60f2360a386ed4b87757c0ea51a0c2205f7156535a6993906deda1f91937a06bfda76236813ef2cbd102fc6c23e643783b8db3af5909f183 Can the world&rsquo;s free-traders withstand Trump&rsquo;s attack? &rarr; https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c118a57b21831ad0e55eb81bb905e31d9280ff8e216f728c393ec4dbd5834c20d1cad38ea3724860e9ac27d5cb0c0ca5fb1ec950cc759e59d An insider&rsquo;s guide to economic warfare https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c9f994b1036851121271930d2a14f83f0fd724df78d8492f7e21304fac33c865adb1470b55ac90956b67bce7774e85d20e864b7f9787e10fe https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c9f994b1036851121271930d2a14f83f0fd724df78d8492f7e21304fac33c865adb1470b55ac90956b67bce7774e85d20e864b7f9787e10fe MAGA and China https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c9f994b1036851121271930d2a14f83f0fd724df78d8492f7e21304fac33c865adb1470b55ac90956b67bce7774e85d20e864b7f9787e10fe How America could end up making China great again https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c9f994b1036851121271930d2a14f83f0fd724df78d8492f7e21304fac33c865adb1470b55ac90956b67bce7774e85d20e864b7f9787e10fe A big beautiful opportunity Related &rarr; https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cfbfcbb499c3c2d3255f502fc23565b727b71d080d0c3490b4d68f89d8c1259d10ee02066431f2a219370e5742ca4d3d006f68024b42557c1 As Trump&rsquo;s trade war heats up, China is surprisingly confident https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c5704bea1833a3da7669ad3ff74f62d85cdd186258fa09bf81e98880a7baf786bd416d417431b51f733b18d4b805896e771a2ef36b0637f2c https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c5704bea1833a3da7669ad3ff74f62d85cdd186258fa09bf81e98880a7baf786bd416d417431b51f733b18d4b805896e771a2ef36b0637f2c Ill-suited sentence https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c5704bea1833a3da7669ad3ff74f62d85cdd186258fa09bf81e98880a7baf786bd416d417431b51f733b18d4b805896e771a2ef36b0637f2c Why Marine Le Pen should be allowed to run for president https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c5704bea1833a3da7669ad3ff74f62d85cdd186258fa09bf81e98880a7baf786bd416d417431b51f733b18d4b805896e771a2ef36b0637f2c Punish the offender without also punishing French democracy https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf3f9a8e98d0c8164b34455172cd708fcd32f683a2cc9f3d65521722ac27eab78c476a057978be1511608742cfc2ae01eddc3916f95b9e7de https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf3f9a8e98d0c8164b34455172cd708fcd32f683a2cc9f3d65521722ac27eab78c476a057978be1511608742cfc2ae01eddc3916f95b9e7de Great exhortations https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf3f9a8e98d0c8164b34455172cd708fcd32f683a2cc9f3d65521722ac27eab78c476a057978be1511608742cfc2ae01eddc3916f95b9e7de How (and why) J.D. Vance does it https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf3f9a8e98d0c8164b34455172cd708fcd32f683a2cc9f3d65521722ac27eab78c476a057978be1511608742cfc2ae01eddc3916f95b9e7de The vice-presidency is a famously terrible job and Donald Trump a famously bad boss. And yet https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c384040092c00256d098a4290ba73ebbc3039b4f0da8762aa52ff24c3fe948ad3f68932cd3e208462aa280972b1d84c7bc8d4fa1da9aee2f9 https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c384040092c00256d098a4290ba73ebbc3039b4f0da8762aa52ff24c3fe948ad3f68932cd3e208462aa280972b1d84c7bc8d4fa1da9aee2f9 Sunny Sunnis https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c384040092c00256d098a4290ba73ebbc3039b4f0da8762aa52ff24c3fe948ad3f68932cd3e208462aa280972b1d84c7bc8d4fa1da9aee2f9 Syrians are still surprisingly upbeat https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c384040092c00256d098a4290ba73ebbc3039b4f0da8762aa52ff24c3fe948ad3f68932cd3e208462aa280972b1d84c7bc8d4fa1da9aee2f9 Our pioneering poll reveals much optimism, but also big sectarian divisions https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cd07acacf7ccd166f6ab744fcc2e547d0cd661a34e946d1171840b6611c84850a11d15c8f8421a2fe5e3a050d5f49971eefa627602770a9c8 https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cd07acacf7ccd166f6ab744fcc2e547d0cd661a34e946d1171840b6611c84850a11d15c8f8421a2fe5e3a050d5f49971eefa627602770a9c8 Friend or foe? https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cd07acacf7ccd166f6ab744fcc2e547d0cd661a34e946d1171840b6611c84850a11d15c8f8421a2fe5e3a050d5f49971eefa627602770a9c8 Schooled by Trump, Americans are learning to dislike their allies https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cd07acacf7ccd166f6ab744fcc2e547d0cd661a34e946d1171840b6611c84850a11d15c8f8421a2fe5e3a050d5f49971eefa627602770a9c8 Our polling shows that Americans’ and Europeans’ attitudes towards each other are changing quickly https://click.e.economist.com/?qs=bbbe8b5db5d7cc9ca94f6bae766a17bddbf6bc79c56fd92cc8e155a69bf0ca98b3b402989a80f7b1ab4151ac67ed0edaa134f7b3e8328561e45fa031e8042520 Podcast https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c965160db95c1775d9416b8de8c659a038231d58eabc6da52cc1ac097aad61fe9a4e10896a79da3b3ad84a2a5c9ca4fea6db74bb0d6f7a04e https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c965160db95c1775d9416b8de8c659a038231d58eabc6da52cc1ac097aad61fe9a4e10896a79da3b3ad84a2a5c9ca4fea6db74bb0d6f7a04e The Intelligence https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c965160db95c1775d9416b8de8c659a038231d58eabc6da52cc1ac097aad61fe9a4e10896a79da3b3ad84a2a5c9ca4fea6db74bb0d6f7a04e Trump’s tariffs will make America poorer again https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c965160db95c1775d9416b8de8c659a038231d58eabc6da52cc1ac097aad61fe9a4e10896a79da3b3ad84a2a5c9ca4fea6db74bb0d6f7a04e Also on the daily podcast: Is Sudan’s civil war turning and how Shonda Rhimes changed TV Video https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf9dee037971177aeae0a43930cb38cabfa8b34cef0ddba5fb6e01aab21e48f3546c01b5a2ebd5f9279311f9bbab4e41f212e276be07dc34a https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf9dee037971177aeae0a43930cb38cabfa8b34cef0ddba5fb6e01aab21e48f3546c01b5a2ebd5f9279311f9bbab4e41f212e276be07dc34a Feeling the heat https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf9dee037971177aeae0a43930cb38cabfa8b34cef0ddba5fb6e01aab21e48f3546c01b5a2ebd5f9279311f9bbab4e41f212e276be07dc34a Is Elon Musk&rsquo;s business empire in trouble? https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf9dee037971177aeae0a43930cb38cabfa8b34cef0ddba5fb6e01aab21e48f3546c01b5a2ebd5f9279311f9bbab4e41f212e276be07dc34a Why Tesla and SpaceX are under pressure Thanks for reading, Harmony. 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padding: 0px; height: 80px; width: 80px; text-align: center; border: 0px none transparent;" width="80"> </td> </tr> </table> </div> <!--[if (gte mso 9)|(IE)]> <td valign="top" align="left" style="width:1460px;"> <![endif]--> <div class="fluid" style=" display: inline-block; width: 100%; min-width: 100%; max-width: 480px; vertical-align: top; "> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pr16" height="44" style="vertical-align: middle; padding: 0px 16px 0px 0px" valign="middle"> <h1 class="txtl txt36 serifLF" style="margin: 0px 0px; font-family: EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size: 32px; color: rgb(18, 18, 18); line-height: 38px; letter-spacing: normal; font-weight: 500 !important; text-align: center;"> The Economist this week</h1> </td> </tr> <tr> <td class="pr16" height="28" style="vertical-align: middle; padding: 0px 16px 0px 0px" valign="middle"> <p class="txtl" style="margin: 0px; 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" class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellspacing="0" cellpadding="0" border="0" align="center"> <tr> <td style="padding: 0 16px 0 16px;" valign="top" align="center"> <a href="https://click.e.economist.com/u/?qs=bbbe8b5db5d7cc9cfa704c6e27854c04f8336e72859fdccbbec67e2a59c475127016863b876fa5c8998c88d870aa96c47f3f38b51f4d88b988fa307ceef6053d" > <img style="display: block; width: 100%; max-width: 600px; height: auto; border: none; padding: 0px; text-align: center;" src="https://pas.economist.com/view/2/39673/57851417e462c4aaa382616de415f6a6/2072188?ad_region=Africa&ad_country=Nigeria&send_date=03/04/2025&segment=4-NG" width="600"> </a> <img width="1" height="1" style="display: none;" alt="timer" src="https://pas.economist.com/t/2/39673/0033z00002rl1PoAAI/2072188?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=03/04/2025&segment=4-NG"> <img width="1" height="1" style="display: none;" alt="trk_px" src="https://pas.economist.com/extt/2/39673/0033z00002rl1PoAAI/2072188?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=03/04/2025&segment=4-NG"> </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"><!-- MAIN TITLE + IMAGE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="pb32" style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="direction:ltr;font-size:0px;padding:0px;text-align:center;"> <!--[if mso | IE]> <table role="presentation" border="0" cellpadding="0" cellspacing="0"> <tr> <td class="" style="width:600px;" > <![endif]--><div style="font-size:0;line-height:0;text-align:left;display:inline-block;width:100%;direction:ltr;"> <!--[if mso | IE]> <table role="presentation" border="0" cellpadding="0" cellspacing="0"> <tr> <td style="vertical-align:top;width:300px;" > <![endif]--><div style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:50%;"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="vertical-align:top;" width="100%"> <tr> <td align="center" style="font-size:0px;padding:0px 8px 0px 0px;word-break:break-word;"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-spacing:0px;"> <tr> <td style="width:276px;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c9717aa98c745dfd73c270a531025c1874cd8533629f1b432c69fa5b62ac98b1257e6c81027b01c0cdb4a3160904b8c39de7e67eac7025363" title=""><img alt="" data-assetid="364038" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/33a54f45-3978-4ea1-b8df-d46d8fd7b52c.png" style="display: block; 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margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td></tr></table></td></tr></table><!-- //ARTICLES (3) --></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"><!-- BYLINE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td align="left" style="padding:0 16px 16px 16px;" valign="top"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation"> <tr> <td style="vertical-align:middle; padding:0 16px 0 0;" valign="middle" width="67"> <img alt="" data-assetid="347943" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/48279c25-4128-4d61-aab7-d8422c8641e4.png" style="border-radius: 50%; display: block; padding: 0px; height: auto; width: 100%; text-align: center; border: 0px none transparent;" width="67"></td><td class="serifLF" style="vertical-align:middle; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="middle"> <p style="margin:0;"> <b>Zanny Minton Beddoes</b><br> Editor-in-chief</p></td></tr></table></td></tr></table><!-- //BYLINE --></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"><!-- FULL-WIDTH CONTENT --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width: 600px;" width="100%"> <tr> <td style="padding: 0px 16px 0px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="article-text" style="padding: 0px 0px 1px; text-align: left; color: rgb(18, 18, 18); line-height: 25px; font-family: EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size: 18px;" valign="top"> <p style="margin: 0px;"> Watching President Donald Trump&rsquo;s Rose Garden performance yesterday, it was hard to believe what I was seeing: flawed economics, inaccurate history and cockamamie calculations used to justify the most wrong-headed and damaging policy decision in decades. Mr Trump&rsquo;s &ldquo;Liberation Day&rdquo; was more like ruination day. Our <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c21bf2f6b663dd5d8b93f01ab08037f257640e1041eb05d820ed7d7e90713cf1496094f730bb3eb9cf0cb7ce3553b97873e3d26bcac5413d5" style="text-decoration:none;" title="cover leader in most of the world">cover leader in most of the world</a> predicts that these mindless tariffs will cause chaos. Almost everything Mr Trump said this week&mdash;on history, economics and the technicalities of trade&mdash;was deluded. He has long glorified the high-tariff era of the late 19th century. In fact, it was the painstaking rounds of trade talks in the 80 years after the second world war that lowered tariffs and led to unprecedented global prosperity, including for America.&nbsp;<br> <br> The country that created, and has gained mightily from, the global trade system is now trying to destroy it. The question for countries reeling from the president&rsquo;s vandalism is how to limit the damage. We argue that they should focus on increasing trade flows among themselves, especially in the services that power the 21st-century economy. There is no avoiding the havoc Mr Trump has wrought, but that does not mean his foolishness is destined to triumph.<br> <br> After I spent last week in China, it is even clearer just how crazy Mr Trump&rsquo;s plan is. You might think that these are anxious times in the country that America sees as its main adversary. In fact, our reporting from Beijing reveals a very different picture. Our <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c9ecda2f7025bbff81ff974a9ba70416ae1798edecc49879213f1da8eaa7c9878d28f81d35b7a46ca05eadf2d24488079932e1fb32fbb20f0" style="text-decoration:none;" title="cover leader in Asia">cover leader in Asia</a> spies a big beautiful opportunity for Xi Jinping. It is true that China has come out badly from Mr Trump&rsquo;s Rose Garden rant. The new total tariff level could reach around 65%&mdash;a blow to China&rsquo;s economy.&nbsp;<br> <br> But Mr Xi has been preparing for today&rsquo;s chaotic world ever since becoming the country&rsquo;s leader in 2012. His push for greater self-sufficiency means that China is now less vulnerable to America&rsquo;s economic chokeholds. To grasp this opportunity, the Communist Party needs to stop persecuting the private sector. The economy will also need more stimulus to boost domestic consumption, and more determined efforts to stabilise a long-struggling property market. As America puts up walls, China has a chance to reset trade relations around the world. Whether it seizes the moment depends on one man: Mr Xi. But the fact the opportunity exists owes much to another: Mr Trump.&nbsp;<br> <br> My next stop is Washington, DC, this weekend. Maybe I&rsquo;ll find out if there is any method to the madness.</p></td></tr></table></td></tr></table><!-- //FULL-WIDTH CONTENT --></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"><!-- BLANK SPACE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="pb56" style="padding:0 16px 56px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> </tr></table></td></tr></table><!-- //BLANK SPACE --></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 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 cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!----></td></tr></table> <!-- MAIN TITLE + CONTENT --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td bgcolor="#1f2e7a" class="ph32" style="padding:32px 16px 32px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 0 8px 0;" valign="top"> </td></tr><tr> <td style="padding:0 0 6px 0;" valign="top"> <h1 class="headerCta23" style="margin:0; font-family:Charter,'Bitstream Charter','Iowan Old Style','Calisto MT',Georgia,serif; font-size:26px; font-weight:500; color:#ffffff; line-height:31px; text-align:center; mso-line-height-rule:exactly;"> Start your free trial today</h1></td></tr><tr> <td style="padding:0 0 20px 0; font-family:Charter,'Bitstream Charter','Iowan Old Style','Calisto MT',Georgia,serif; font-size:18px; color:#ffffff; line-height:25px; text-align:center;" valign="top"> <p style="margin:0;"> Get digital access to independent global analysis</p></td></tr><tr> <td align="center" valign="top"> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:initial !important; border:2px solid #ffffff; border-radius:32px;"> <tr> </tr><tr> <td class="econsans phCta" style="padding:4px 16px 4px 16px; font-family: apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,Arial,sans-serif; font-size:16px; font-weight:500 !important; color:#141F52; line-height:22px; text-align:center;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/u/?qs=bbbe8b5db5d7cc9cb755a354d3029de770285488e31258944fb26fd5c9b7ca28996f4bba0728f09271d81990af5531142ab32af0ed96b0b7aa085929ddc8477b" style="color:#121212;text-decoration:none;" target="_blank" title="">Subscribe</a></td></tr></table></td></tr></table></td></tr><tr> <td height="56" style="font-size:1px; line-height:1px;"> &nbsp;</td></tr></table> <!-- //MAIN TITLE --></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"><!-- SECTION HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width: 600px;" width="100%"> <tr> <td style="padding: 0px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding: 7px 0px 0px; border-top-color: rgb(18, 18, 18); border-top-width: 1px; border-top-style: solid;" valign="top"> <h2 class="econsans" style="margin: 0px; text-align: left; color: rgb(18, 18, 18); line-height: 25px; font-family: EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size: 18px; font-weight: bold; mso-line-height-rule: exactly;"> <b>Editor&rsquo;s picks</b></h2><p class="econsans" style="margin: 0px; text-align: left; color: rgb(18, 18, 18); line-height: 25px; font-family: EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size: 18px; mso-line-height-rule: exactly;"> Must-reads this week</p></td></tr></table></td></tr></table><!-- //SECTION HEADING --></td></tr></table> <!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c73f7918809a3342827d2482944a99205715e77257457d24b45f897458a05e07c925b43d9832c165a1b9950728f6516e2503a417138457d90" target="_blank"><img alt="An illustration of Trump carving a U.S.-shaped hole beneath his feet, symbolizing that he may be on the verge of falling in." border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250405_LDD001.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c73f7918809a3342827d2482944a99205715e77257457d24b45f897458a05e07c925b43d9832c165a1b9950728f6516e2503a417138457d90" style="color:#e3120b; text-decoration:none;" target="_blank">Ruination Day </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c73f7918809a3342827d2482944a99205715e77257457d24b45f897458a05e07c925b43d9832c165a1b9950728f6516e2503a417138457d90" style="color:#121212; text-decoration:none;" target="_blank">President Trump’s mindless tariffs will cause economic havoc </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c73f7918809a3342827d2482944a99205715e77257457d24b45f897458a05e07c925b43d9832c165a1b9950728f6516e2503a417138457d90" style="color:#121212; text-decoration:none;" target="_blank">But the rest of the world can limit the damage</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; 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width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cbe5c6125ed5b504da0ae4da16527aa8c6636ec861d1d31b9bd0bdb7cc95eaacd48521b9e8e9dcae2bd3a15f61c4fec3b4e700667f0281f6b" target="_blank"><img alt="Widows and mothers of war victims gather for Iftar, the fast-breaking meal amid the rubble of homes of the Jobar neighborhood in Damascus" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250405_MAP001.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cbe5c6125ed5b504da0ae4da16527aa8c6636ec861d1d31b9bd0bdb7cc95eaacd48521b9e8e9dcae2bd3a15f61c4fec3b4e700667f0281f6b" style="color:#e3120b; text-decoration:none;" target="_blank">Sunny Sunnis </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cbe5c6125ed5b504da0ae4da16527aa8c6636ec861d1d31b9bd0bdb7cc95eaacd48521b9e8e9dcae2bd3a15f61c4fec3b4e700667f0281f6b" style="color:#121212; text-decoration:none;" target="_blank">Syrians are still surprisingly upbeat </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cbe5c6125ed5b504da0ae4da16527aa8c6636ec861d1d31b9bd0bdb7cc95eaacd48521b9e8e9dcae2bd3a15f61c4fec3b4e700667f0281f6b" style="color:#121212; text-decoration:none;" target="_blank">Our pioneering poll reveals much optimism, but also big sectarian divisions</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c186e6571610163f79007027decab377a3952138aad0c2389278b87b3ff5234e68e6dd62e322adaba108e895159b2679d7b105b5418f28c3f" target="_blank"><img alt="" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250405_WOT002.png" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c186e6571610163f79007027decab377a3952138aad0c2389278b87b3ff5234e68e6dd62e322adaba108e895159b2679d7b105b5418f28c3f" style="color:#e3120b; text-decoration:none;" target="_blank">Friend or foe? </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c186e6571610163f79007027decab377a3952138aad0c2389278b87b3ff5234e68e6dd62e322adaba108e895159b2679d7b105b5418f28c3f" style="color:#121212; text-decoration:none;" target="_blank">Schooled by Trump, Americans are learning to dislike their allies </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c186e6571610163f79007027decab377a3952138aad0c2389278b87b3ff5234e68e6dd62e322adaba108e895159b2679d7b105b5418f28c3f" style="color:#121212; text-decoration:none;" target="_blank">Our polling shows that Americans’ and Europeans’ attitudes towards each other are changing quickly </a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <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 cellspacing="0" cellpadding="0" border="0" align="center"> <tr> <td style="padding: 0 0px 0 0px;" valign="top" align="center"> <a href="https://click.e.economist.com/u/?qs=bbbe8b5db5d7cc9c630d116cfa7b49e53362d947779dbf830c85bc1512496140d6b537c8e7809f5f60b5f1e5c2a9d1f9883e8a2ca253148194d5543560cd03e4" > <img style="display: block; width: 100%; max-width: 600px; height: auto; border: none; padding: 0px; text-align: center;" src="https://pas.economist.com/view/2/39674/57851417e462c4aaa382616de415f6a6/2072188?ad_region=Africa&ad_country=Nigeria&send_date=03/04/2025&segment=4-NG" width="600"> </a> <img width="1" height="1" style="display: none;" alt="timer" src="https://pas.economist.com/t/2/39674/0033z00002rl1PoAAI/2072188?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=03/04/2025&segment=4-NG"> <img width="1" height="1" style="display: none;" alt="trk_px" src="https://pas.economist.com/extt/2/39674/0033z00002rl1PoAAI/2072188?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=03/04/2025&segment=4-NG"> </td> </tr> </table></td></tr></table><!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 0 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <p> </p> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <!--[if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 0px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:0px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <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"><!-- BLANK SPACE --><table role="presentation" style="max-width:600px;" width="100%" cellspacing="0" cellpadding="0" border="0" bgcolor="#ffffff" align="center"> <tr> <td style="padding:0 16px 40px 16px;" valign="top"> <table role="presentation" width="100%" cellspacing="0" cellpadding="0" border="0"> <tr> </tr></table></td></tr></table><!-- //BLANK SPACE --></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"><!-- SECTION HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width: 600px;" width="100%"> <tr> <td style="padding: 0px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding: 7px 0px 0px; border-top-color: rgb(18, 18, 18); border-top-width: 1px; border-top-style: solid;" valign="top"> <h2 class="econsans" style="margin: 0px; text-align: left; color: rgb(18, 18, 18); line-height: 25px; font-family: EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size: 18px; font-weight: bold; mso-line-height-rule: exactly;"> <b>Podcast</b></h2></td></tr></table></td></tr></table><!-- //SECTION HEADING --></td></tr></table> <!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf09772aa9b44414fae4a84072326d0d94fbde76aacfd1a282e9d53189875c1e1a6a4e22be3c5c4b24e8cdc1d62165c0a3ff2ba8b9134058a" target="_blank"><img alt="US President Donald Trump delivers remarks on reciprocal tariffs" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250405_PDP510.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf09772aa9b44414fae4a84072326d0d94fbde76aacfd1a282e9d53189875c1e1a6a4e22be3c5c4b24e8cdc1d62165c0a3ff2ba8b9134058a" style="color:#e3120b; text-decoration:none;" target="_blank">The Intelligence </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf09772aa9b44414fae4a84072326d0d94fbde76aacfd1a282e9d53189875c1e1a6a4e22be3c5c4b24e8cdc1d62165c0a3ff2ba8b9134058a" style="color:#121212; text-decoration:none;" target="_blank">Trump’s tariffs will make America poorer again </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9cf09772aa9b44414fae4a84072326d0d94fbde76aacfd1a282e9d53189875c1e1a6a4e22be3c5c4b24e8cdc1d62165c0a3ff2ba8b9134058a" style="color:#121212; text-decoration:none;" target="_blank">Also on the daily podcast: Is Sudan’s civil war turning and how Shonda Rhimes changed TV</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --><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"><!-- BLANK SPACE --><table role="presentation" style="max-width:600px;" width="100%" cellspacing="0" cellpadding="0" border="0" bgcolor="#ffffff" align="center"> <tr> <td style="padding:0 16px 40px 16px;" valign="top"> <table role="presentation" width="100%" cellspacing="0" cellpadding="0" border="0"> <tr> </tr></table></td></tr></table><!-- //BLANK SPACE --></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"><!-- SECTION HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width: 600px;" width="100%"> <tr> <td style="padding: 0px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding: 7px 0px 0px; border-top-color: rgb(18, 18, 18); border-top-width: 1px; border-top-style: solid;" valign="top"> <h2 class="econsans" style="margin: 0px; text-align: left; color: rgb(18, 18, 18); line-height: 25px; font-family: EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size: 18px; font-weight: bold; mso-line-height-rule: exactly;"> <b>Video</b></h2></td></tr></table></td></tr></table><!-- //SECTION HEADING --></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"><!-- ARTICLES (3) --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--><div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c8391ea131814648aa195073af49b5db6d8df1c9329153799e3ba10b9303e78b8719f38a8ad392686c716e578cf4206ca4435fc9745a738bf" target="_blank" title=""><img alt="" data-assetid="363979" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/d7d3a013-b35d-4adc-83f6-9be77e233dd1.gif" style="display: block; width: 100%; min-width: 100%; max-width: 276px; height: auto; padding: 0px; text-align: center; border: none;" width="276"></a><a alias="" href="" target="_blank"> </a></td></tr></table></div><!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--><div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c8391ea131814648aa195073af49b5db6d8df1c9329153799e3ba10b9303e78b8719f38a8ad392686c716e578cf4206ca4435fc9745a738bf" style="color:#e3120b;text-decoration:none;" target="_blank" title="">Feeling the heat</a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c8391ea131814648aa195073af49b5db6d8df1c9329153799e3ba10b9303e78b8719f38a8ad392686c716e578cf4206ca4435fc9745a738bf" style="color:#121212;text-decoration:none;" target="_blank" title="">Is Elon Musk&rsquo;s business empire in trouble?</a></p></td></tr><tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=bbbe8b5db5d7cc9c8391ea131814648aa195073af49b5db6d8df1c9329153799e3ba10b9303e78b8719f38a8ad392686c716e578cf4206ca4435fc9745a738bf" style="color:#121212;text-decoration:none;" target="_blank" title="">Why Tesla and SpaceX are under pressure</a></p></td></tr></table></div><!--[if mso]> </td> </tr> </table> <![endif]--></td></tr><tr> </tr><tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <!--[if mso]> </td> </tr> </table> <![endif]--></tr><tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; 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