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boundary="BiKgaDxyIpez=_?:" This is a multi-part message in MIME format. --BiKgaDxyIpez=_?: Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit The Economist ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ https://click.e.economist.com/?qs=d3debf4e68e8fd204bd706cd38b8a6dfd54a33c47c33eef58e9d8883e5f96e866540664b205b00927eac801368e92db17734fa9f8a7566f310e3088c6c9f35ed https://view.e.economist.com/?qs=c770982c103ecb42d2f7e1db298ac270185163bbd0a02254967c17fac7e42e638c9f6b829a334a0ff48dd291667bba6ffeaf2002f66e17b65b90f4cc6868dc7be32d32f50d2f1660587d90c6ae712365 Read in browser April 10th 2025 The Economist this week Highlights from the latest issue https://click.e.economist.com/?qs=106919e51e131729a202e3c6e968f0e010cc5204be216196b1fbaed43df6990cf3da11d36595b017440dbd56347fe6ec5626101aefec7dd354403a077848b30e https://click.e.economist.com/?qs=d3debf4e68e8fd206b307bb4d83af72410a0990789a3c6d712e42700e0fb6b9c2f4f3f2446f655f3e6e3785d65eaba13414ff12c4b9dfa95a84e5c52572d1274 Zanny Minton Beddoes Editor-in-chief Being in Washington, DC this week has felt like being on the fringes of an all-consuming&mdash;and terrifying&mdash;reality TV spectacle: the Trump Tariff Show. Against the made-for-TV backdrop of America&rsquo;s capital in (somewhat chilly) springtime, my colleagues and I shuttled around to meetings with administration officials, congressmen, diplomats and scholars. We learned about the divisions among Donald Trump&rsquo;s economic advisers (crudely, the &ldquo;pause and negotiate&rdquo; camp led by Scott Bessent, the treasury secretary, versus hardliners, such as Peter Navarro). We heard earnest&mdash;if unconvincing&mdash;attempts by officials to explain the logic of causing the biggest tariff shock in history. We witnessed the bafflement of diplomats and politicians from tariffed countries. We could sense the growing alarm as the markets plunged&mdash;and the bewildered relief on Wednesday afternoon after Mr Trump blinked and announced a 90-day pause on his bonkers &ldquo;reciprocal&rdquo; tariffs. It&rsquo;s been a rollercoaster few days, and as I write this we still have more meetings ahead. But several things are already clear to me. First, this show has only one protagonist who matters: Mr Trump. There is no tariff strategy beyond his whims. Second, although Mr Trump blinked yesterday, don&rsquo;t think that this Tariff Show is over. America is still engaged in a brutal tit-for-tat trade war with China. (The two countries&rsquo; headline tariffs on each other are now 145% and 84% respectively and neither Mr Trump nor Xi Jinping, the Chinese president, wants to lose face by backing down.) America still has a 10% duty on virtually all other countries, by itself a dramatic increase. And while Mr Trump now promises great deals from negotiations with the dozens of countries queuing up to talk to him, he retains his long-held conviction that tariffs are a powerful weapon to ensure manufacturing jobs return to America. The trouble is that if companies are really to be persuaded to reshore manufacturing jobs to America, then America&rsquo;s tariffs will need to stay high. But if they stay high, what incentive do trading partners have to give huge concessions? Mr Trump&rsquo;s muddled convictions, and the contradictions they contain, will hang over all the many bilateral negotiations his team is about to start. That is why, https://click.e.economist.com/?qs=d3debf4e68e8fd206b307bb4d83af72410a0990789a3c6d712e42700e0fb6b9c2f4f3f2446f655f3e6e3785d65eaba13414ff12c4b9dfa95a84e5c52572d1274 as our cover leader explains , the damage of the past week cannot be easily undone. Yes, markets have recovered from a near meltdown. But Mr Trump has upended the old certainties that underpinned the global economy and introduced extraordinary levels of volatility and confusion. We are, as our cover title says, in the &ldquo;age of chaos&rdquo;. That may be exactly what you want in a nail-biting TV show. In the real world, it is a disaster. Start your free trial today Get digital access to independent global analysis https://click.e.economist.com/?qs=d3debf4e68e8fd209140cdf43aefa55326f8bd1fd587ba07f186c26a0366337b5689f72fb59ae9a9b042e985f22f90f0e28cf08a44c8394c531910707b01bf10 Subscribe Editor&rsquo;s picks Must-reads this week https://click.e.economist.com/?qs=d3debf4e68e8fd20b2f869454c355d617b06e0dd824eefbe7d5f672184f3f01ce335fe3d2c74c478d3dd2dd8b46665f721755fbdfc369c8e9e176c8ae55f8b92 https://click.e.economist.com/?qs=d3debf4e68e8fd20b2f869454c355d617b06e0dd824eefbe7d5f672184f3f01ce335fe3d2c74c478d3dd2dd8b46665f721755fbdfc369c8e9e176c8ae55f8b92 The age of chaos https://click.e.economist.com/?qs=d3debf4e68e8fd20b2f869454c355d617b06e0dd824eefbe7d5f672184f3f01ce335fe3d2c74c478d3dd2dd8b46665f721755fbdfc369c8e9e176c8ae55f8b92 Trump’s incoherent trade policy will do lasting damage https://click.e.economist.com/?qs=d3debf4e68e8fd20b2f869454c355d617b06e0dd824eefbe7d5f672184f3f01ce335fe3d2c74c478d3dd2dd8b46665f721755fbdfc369c8e9e176c8ae55f8b92 Even after his backtracking, the president has done profound harm to the world economy Related &rarr; https://click.e.economist.com/?qs=d3debf4e68e8fd2000aa1a831e0b7f2868c731a8ad8d15158a4607c346327813acfaf9170dff44af77398f552bc2a773f7f2550dc437fa8222c3192c3e2a9f68 America&rsquo;s financial system came close to the brink &rarr; https://click.e.economist.com/?qs=d3debf4e68e8fd200c7aa3cb833d6459d4599cbeeedc9ff62e870f0fa31209982cf386fe3031b61c349d9efadea6dfeb50d8d6617b545e9e06677e6e013f2766 The art of the delay &rarr; https://click.e.economist.com/?qs=d3debf4e68e8fd2045b2682195bc2e2841bc7625ee5caf0594a913529b35ac7ecd3b07293317d3eef84463d83812212b40f3171c582517fda33021bbfb1e3d2d Can China fight America alone? &rarr; https://click.e.economist.com/?qs=d3debf4e68e8fd20f99ab4df32bcd1a3dce8a9b0930d66c80998c0a4528796c5248cf22d895c403cdff82b35534468518ac357de640f35cab0c25149d8b2e346 The tariff madness of King Donald, explained https://click.e.economist.com/?qs=d3debf4e68e8fd20b143de7f2681b4d01db58a43525bb3c4ed3b009d87799562a694234ec02c675f59ad3baa7edb3dd956a20c6aaddfea978db87b11a82775b8 https://click.e.economist.com/?qs=d3debf4e68e8fd20b143de7f2681b4d01db58a43525bb3c4ed3b009d87799562a694234ec02c675f59ad3baa7edb3dd956a20c6aaddfea978db87b11a82775b8 Besieging the ivory tower https://click.e.economist.com/?qs=d3debf4e68e8fd20b143de7f2681b4d01db58a43525bb3c4ed3b009d87799562a694234ec02c675f59ad3baa7edb3dd956a20c6aaddfea978db87b11a82775b8 Donald Trump is battling America’s elite universities—and winning https://click.e.economist.com/?qs=d3debf4e68e8fd20b143de7f2681b4d01db58a43525bb3c4ed3b009d87799562a694234ec02c675f59ad3baa7edb3dd956a20c6aaddfea978db87b11a82775b8 The Ivy League sees little point in fighting the federal government in court Related &rarr; https://click.e.economist.com/?qs=d3debf4e68e8fd204191af281b6e7639b2685f416f28c2eb1b147f56c1cefbbe9d46a37daef6cc76f220c0c8fe59f3d857308db9cb342c406b648f89f1966432 The campus counter-revolution &rarr; https://click.e.economist.com/?qs=d3debf4e68e8fd20b8fce6516bad24d3020f6781c11c7d9b1dba188bf51f72bd23fe2aa8e0b6427398f673598db550c107458037d8316582861a6ead7cd672f8 Why can&rsquo;t stinking rich Ivies cope with losing a few hundred million? https://click.e.economist.com/?qs=d3debf4e68e8fd202c9f151e108a02b9473b75da98e5c50be0d672057f5066d89d5b6e7b78ab0ef99d9a32e857fbf93620a73d3dfe555b01651647e59b4083c2 https://click.e.economist.com/?qs=d3debf4e68e8fd202c9f151e108a02b9473b75da98e5c50be0d672057f5066d89d5b6e7b78ab0ef99d9a32e857fbf93620a73d3dfe555b01651647e59b4083c2 Soldiers of misfortune https://click.e.economist.com/?qs=d3debf4e68e8fd202c9f151e108a02b9473b75da98e5c50be0d672057f5066d89d5b6e7b78ab0ef99d9a32e857fbf93620a73d3dfe555b01651647e59b4083c2 Why are Chinese soldiers fighting in Ukraine? https://click.e.economist.com/?qs=d3debf4e68e8fd202c9f151e108a02b9473b75da98e5c50be0d672057f5066d89d5b6e7b78ab0ef99d9a32e857fbf93620a73d3dfe555b01651647e59b4083c2 They have been showing up on both sides of the battlefield throughout the war https://click.e.economist.com/?qs=d3debf4e68e8fd20e65c19e2a8f16c79b7ac3d6d0c12fa07d8455d65b0f0afba96e77ced161d026a330e1bfb4044cb8c5e0d760b07ca84761c85a7c8b25b6d90 https://click.e.economist.com/?qs=d3debf4e68e8fd20e65c19e2a8f16c79b7ac3d6d0c12fa07d8455d65b0f0afba96e77ced161d026a330e1bfb4044cb8c5e0d760b07ca84761c85a7c8b25b6d90 The clock is ticking https://click.e.economist.com/?qs=d3debf4e68e8fd20e65c19e2a8f16c79b7ac3d6d0c12fa07d8455d65b0f0afba96e77ced161d026a330e1bfb4044cb8c5e0d760b07ca84761c85a7c8b25b6d90 TikTok’s bizarre sale process gets even weirder https://click.e.economist.com/?qs=d3debf4e68e8fd20e65c19e2a8f16c79b7ac3d6d0c12fa07d8455d65b0f0afba96e77ced161d026a330e1bfb4044cb8c5e0d760b07ca84761c85a7c8b25b6d90 What will happen at the next deadline? https://click.e.economist.com/?qs=d3debf4e68e8fd203d7e0c316b813d53b6ef633cf438c2d936e131cccff304eac86f5171118a2c4399728a98b436514a3f486f960415f00cd67bc0b9236a3859 https://click.e.economist.com/?qs=d3debf4e68e8fd203d7e0c316b813d53b6ef633cf438c2d936e131cccff304eac86f5171118a2c4399728a98b436514a3f486f960415f00cd67bc0b9236a3859 Proxy wars https://click.e.economist.com/?qs=d3debf4e68e8fd203d7e0c316b813d53b6ef633cf438c2d936e131cccff304eac86f5171118a2c4399728a98b436514a3f486f960415f00cd67bc0b9236a3859 Turkey and Israel are becoming deadly rivals in Syria https://click.e.economist.com/?qs=d3debf4e68e8fd203d7e0c316b813d53b6ef633cf438c2d936e131cccff304eac86f5171118a2c4399728a98b436514a3f486f960415f00cd67bc0b9236a3859 The Middle East’s beefiest powers are playing out their regional ambitions there https://click.e.economist.com/?qs=d3debf4e68e8fd20ac593a24680369a78eacc6148bc76903d3790e6b7376a8f91a21f522cec0b329128a15163bc2c6d0ad37ab0e6b28d994408929b70ce6528b https://click.e.economist.com/?qs=d3debf4e68e8fd20ac593a24680369a78eacc6148bc76903d3790e6b7376a8f91a21f522cec0b329128a15163bc2c6d0ad37ab0e6b28d994408929b70ce6528b Oh, grow up https://click.e.economist.com/?qs=d3debf4e68e8fd20ac593a24680369a78eacc6148bc76903d3790e6b7376a8f91a21f522cec0b329128a15163bc2c6d0ad37ab0e6b28d994408929b70ce6528b Too many adults are absolutely clueless https://click.e.economist.com/?qs=d3debf4e68e8fd20ac593a24680369a78eacc6148bc76903d3790e6b7376a8f91a21f522cec0b329128a15163bc2c6d0ad37ab0e6b28d994408929b70ce6528b Need to change a tyre or file your taxes? In America, “adulting” courses can help https://click.e.economist.com/?qs=d3debf4e68e8fd204e5d5d6165db82428b7772f08ef25b99e5114248cda20befd0f5ba816435199ef40f03b43132ba797a267f8da5b1fb06d05f4168a0399104 https://click.e.economist.com/?qs=d3debf4e68e8fd204e5d5d6165db82428b7772f08ef25b99e5114248cda20befd0f5ba816435199ef40f03b43132ba797a267f8da5b1fb06d05f4168a0399104 Back Story https://click.e.economist.com/?qs=d3debf4e68e8fd204e5d5d6165db82428b7772f08ef25b99e5114248cda20befd0f5ba816435199ef40f03b43132ba797a267f8da5b1fb06d05f4168a0399104 “G20”, a rollicking new film, evokes an old ideal of America https://click.e.economist.com/?qs=d3debf4e68e8fd204e5d5d6165db82428b7772f08ef25b99e5114248cda20befd0f5ba816435199ef40f03b43132ba797a267f8da5b1fb06d05f4168a0399104 It is outlandish in more ways than intended https://click.e.economist.com/?qs=d3debf4e68e8fd2071975fc9353beee416df6070c06583296473ed347d96906129b71ebe4ca20eea63456fed15be9d769342ccf11ebb4b5757d5128441d4d39e Podcast https://click.e.economist.com/?qs=d3debf4e68e8fd20d3b1aaa8af4bcd48f1b325318a5ad560e9f0aebf0792623e1a8f43bf9a47cfa65f4bb1e95744f964f7e1ff4bfa538571d20ad144078e2503 https://click.e.economist.com/?qs=d3debf4e68e8fd20d3b1aaa8af4bcd48f1b325318a5ad560e9f0aebf0792623e1a8f43bf9a47cfa65f4bb1e95744f964f7e1ff4bfa538571d20ad144078e2503 Babbage https://click.e.economist.com/?qs=d3debf4e68e8fd20d3b1aaa8af4bcd48f1b325318a5ad560e9f0aebf0792623e1a8f43bf9a47cfa65f4bb1e95744f964f7e1ff4bfa538571d20ad144078e2503 Will AI help or harm the climate? https://click.e.economist.com/?qs=d3debf4e68e8fd20d3b1aaa8af4bcd48f1b325318a5ad560e9f0aebf0792623e1a8f43bf9a47cfa65f4bb1e95744f964f7e1ff4bfa538571d20ad144078e2503 Our podcast on science and technology 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=106919e51e13172923ae29ea06ff116d658562541609999327460ca6ee1fa7c52d922f828856124306350b0d9af4da54b93e1d449f5667706be5c34a4d0ead51" > <img style="display: block; width: 100%; max-width: 600px; height: auto; border: none; padding: 0px; text-align: center;" src="https://pas.economist.com/view/2/39673/57851417e462c4aaa382616de415f6a6/2073369?ad_region=Africa&ad_country=Nigeria&send_date=10/04/2025&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/2073369?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=10/04/2025&segment=4-NG"> <img width="1" height="1" style="display: none;" alt="trk_px" src="https://pas.economist.com/extt/2/39673/0033z00002rl1PoAAI/2073369?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=10/04/2025&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="ph32" style="padding:0 16px 0px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 0 32px 0;" valign="top"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=106919e51e131729633477157a2154f63649088c0851a0cc5a7580aec592a37c006a24a831e119010acbef533fb1b9db6e4d22050e2d0302ad371f0f1ce4300b" target="_blank" title=""><img alt="The Economist" data-assetid="364340" height="369" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/65713cad-3b68-4555-8700-c6c9a1d48d0a.png" style="display: block; height: 369px; padding: 0px; text-align: center; width: 276px; border: 1px solid #C9C9C9;" width="276"></a></td></tr></table></td></tr></table><!-- //MAIN TITLE + IMAGE --></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:0 8px 0px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 8px 24px 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) --></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;"> Being in Washington, DC this week has felt like being on the fringes of an all-consuming&mdash;and terrifying&mdash;reality TV spectacle: the Trump Tariff Show. Against the made-for-TV backdrop of America&rsquo;s capital in (somewhat chilly) springtime, my colleagues and I shuttled around to meetings with administration officials, congressmen, diplomats and scholars. We learned about the divisions among Donald Trump&rsquo;s economic advisers (crudely, the &ldquo;pause and negotiate&rdquo; camp led by Scott Bessent, the treasury secretary, versus hardliners, such as Peter Navarro). We heard earnest&mdash;if unconvincing&mdash;attempts by officials to explain the logic of causing the biggest tariff shock in history. We witnessed the bafflement of diplomats and politicians from tariffed countries. We could sense the growing alarm as the markets plunged&mdash;and the bewildered relief on Wednesday afternoon after Mr Trump blinked and announced a 90-day pause on his bonkers &ldquo;reciprocal&rdquo; tariffs.<br> <br> It&rsquo;s been a rollercoaster few days, and as I write this we still have more meetings ahead. But several things are already clear to me. First, this show has only one protagonist who matters: Mr Trump. There is no tariff strategy beyond his whims. Second, although Mr Trump blinked yesterday, don&rsquo;t think that this Tariff Show is over. America is still engaged in a brutal tit-for-tat trade war with China. (The two countries&rsquo; headline tariffs on each other are now 145% and 84% respectively and neither Mr Trump nor Xi Jinping, the Chinese president, wants to lose face by backing down.) America still has a 10% duty on virtually all other countries, by itself a dramatic increase. And while Mr Trump now promises great deals from negotiations with the dozens of countries queuing up to talk to him, he retains his long-held conviction that tariffs are a powerful weapon to ensure manufacturing jobs return to America. The trouble is that if companies are really to be persuaded to reshore manufacturing jobs to America, then America&rsquo;s tariffs will need to stay high. But if they stay high, what incentive do trading partners have to give huge concessions? Mr Trump&rsquo;s muddled convictions, and the contradictions they contain, will hang over all the many bilateral negotiations his team is about to start.<br> <br> That is why, <a data-linkto="https://" href="https://click.e.economist.com/?qs=106919e51e131729c7cd6a13ee86748216583f0db315d9760dfeece376ef5b247da885454c2cd106c8812cf17ca02a2c8845921e75d672afdefc4b3bf2fd95eb" style="text-decoration:none;" title="as our cover leader explains">as our cover leader explains</a>, the damage of the past week cannot be easily undone. Yes, markets have recovered from a near meltdown. But Mr Trump has upended the old certainties that underpinned the global economy and introduced extraordinary levels of volatility and confusion. We are, as our cover title says, in the &ldquo;age of chaos&rdquo;. That may be exactly what you want in a nail-biting TV show. In the real world, it is a disaster.</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=d3debf4e68e8fd207b263fb7b99b15facbd03b517f906b05438affcaf04b788c468c0232c6c9619c60df85cd8c81799cc3984d575cbde20ff5585b3563e0af0b" 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=d3debf4e68e8fd20a23c4c7ca3637da5c2f2d4b574d4f547078c9ecb7897a867f565b4935d0538504958fb06d95c4811cebe4949beb7f1f0dd99115be8f53d1f" target="_blank"><img alt="" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250412_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=d3debf4e68e8fd20a23c4c7ca3637da5c2f2d4b574d4f547078c9ecb7897a867f565b4935d0538504958fb06d95c4811cebe4949beb7f1f0dd99115be8f53d1f" style="color:#e3120b; text-decoration:none;" target="_blank">The age of chaos </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=d3debf4e68e8fd20a23c4c7ca3637da5c2f2d4b574d4f547078c9ecb7897a867f565b4935d0538504958fb06d95c4811cebe4949beb7f1f0dd99115be8f53d1f" style="color:#121212; text-decoration:none;" target="_blank">Trump’s incoherent trade policy will do lasting damage </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=d3debf4e68e8fd20a23c4c7ca3637da5c2f2d4b574d4f547078c9ecb7897a867f565b4935d0538504958fb06d95c4811cebe4949beb7f1f0dd99115be8f53d1f" style="color:#121212; text-decoration:none;" target="_blank">Even after his backtracking, the president has done profound harm to the world economy</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"><!-- RELATED ARTICLE HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0;" valign="top"> <h2 class="econsans" style="margin:0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:18px; font-weight:bold; color:#121212; line-height:25px; text-align:left; mso-line-height-rule:exactly;"> <b>Related</b></h2></td></tr></table></td></tr></table><!-- //RELATED ARTICLE HEADING --><!-- RELATED 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 16px 32px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="serifLF" style="padding:0 8px 16px 0; 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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=d3debf4e68e8fd2045b150a0ca25b1199d2cb9fcb8d53f640f970b58a856fb37179819235543901fd48a6d81574e921414b2dbacd71fd66faea657dd0a876964" target="_blank"><img alt="TikTok supporters watch a feed of the House vote as they gather to protest outside the Capitol in Washington." border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250405_WBP507.jpg" style="display:block; 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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=d3debf4e68e8fd2045b150a0ca25b1199d2cb9fcb8d53f640f970b58a856fb37179819235543901fd48a6d81574e921414b2dbacd71fd66faea657dd0a876964" style="color:#121212; text-decoration:none;" target="_blank">TikTok’s bizarre sale process gets even weirder </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=d3debf4e68e8fd2045b150a0ca25b1199d2cb9fcb8d53f640f970b58a856fb37179819235543901fd48a6d81574e921414b2dbacd71fd66faea657dd0a876964" style="color:#121212; text-decoration:none;" target="_blank">What will happen at the next deadline?</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=d3debf4e68e8fd2081ff5060985e0d3ab06b3226d42ab99b2187bf6994f803f562158ee54c656d6df4189a66bb88732433a732e966151032b8f4e4ab8bae34d7" target="_blank"><img alt="An Israeli soldier stands at a lookout point in the Israel-annexed Golan Heights overlooking south Syria, on March 25, 2025" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250412_MAP004.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=d3debf4e68e8fd2081ff5060985e0d3ab06b3226d42ab99b2187bf6994f803f562158ee54c656d6df4189a66bb88732433a732e966151032b8f4e4ab8bae34d7" style="color:#e3120b; text-decoration:none;" target="_blank">Proxy wars </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=d3debf4e68e8fd2081ff5060985e0d3ab06b3226d42ab99b2187bf6994f803f562158ee54c656d6df4189a66bb88732433a732e966151032b8f4e4ab8bae34d7" style="color:#121212; text-decoration:none;" target="_blank">Turkey and Israel are becoming deadly rivals in Syria </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=d3debf4e68e8fd2081ff5060985e0d3ab06b3226d42ab99b2187bf6994f803f562158ee54c656d6df4189a66bb88732433a732e966151032b8f4e4ab8bae34d7" style="color:#121212; text-decoration:none;" target="_blank">The Middle East’s beefiest powers are playing out their regional ambitions there</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=d3debf4e68e8fd20ea6c33c77313532b29f2778d012ecf627940d7f0ba83fc0b869fe3c9824db39541abaa41775f4f265d7cd49f6af71bc6a26487409a5321d3" target="_blank"><img alt="An adult wearing a cap sat in a small school desk" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250412_CUD001.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=d3debf4e68e8fd20ea6c33c77313532b29f2778d012ecf627940d7f0ba83fc0b869fe3c9824db39541abaa41775f4f265d7cd49f6af71bc6a26487409a5321d3" style="color:#e3120b; text-decoration:none;" target="_blank">Oh, grow up </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=d3debf4e68e8fd20ea6c33c77313532b29f2778d012ecf627940d7f0ba83fc0b869fe3c9824db39541abaa41775f4f265d7cd49f6af71bc6a26487409a5321d3" style="color:#121212; text-decoration:none;" target="_blank">Too many adults are absolutely clueless </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=d3debf4e68e8fd20ea6c33c77313532b29f2778d012ecf627940d7f0ba83fc0b869fe3c9824db39541abaa41775f4f265d7cd49f6af71bc6a26487409a5321d3" style="color:#121212; text-decoration:none;" target="_blank">Need to change a tyre or file your taxes? In America, “adulting” courses can help</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=d3debf4e68e8fd205068c0c1947ba2aef42e5ba85dddd4af0d21a8618fbd2e616ad98f6a2aa398ba29a6d4334eebc9ad2c74557bb83a954010095ba9d2a99237" target="_blank"><img alt="Douglas Hodge, MeeWha Alana Lee and Viola Davis in a still from 'G20'." border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250412_CUP005.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=d3debf4e68e8fd205068c0c1947ba2aef42e5ba85dddd4af0d21a8618fbd2e616ad98f6a2aa398ba29a6d4334eebc9ad2c74557bb83a954010095ba9d2a99237" style="color:#e3120b; text-decoration:none;" target="_blank">Back Story </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=d3debf4e68e8fd205068c0c1947ba2aef42e5ba85dddd4af0d21a8618fbd2e616ad98f6a2aa398ba29a6d4334eebc9ad2c74557bb83a954010095ba9d2a99237" style="color:#121212; text-decoration:none;" target="_blank">“G20”, a rollicking new film, evokes an old ideal of America </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=d3debf4e68e8fd205068c0c1947ba2aef42e5ba85dddd4af0d21a8618fbd2e616ad98f6a2aa398ba29a6d4334eebc9ad2c74557bb83a954010095ba9d2a99237" style="color:#121212; text-decoration:none;" target="_blank">It is outlandish in more ways than intended</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=106919e51e1317299de9d619910a60a323b17d0852e4debabd0a5f93c8b1a36931c5e794cc9d4e38a88143a890bc313931cb4a004cf52a70f6a60ab7a10e2deb" > <img style="display: block; width: 100%; max-width: 600px; height: auto; border: none; padding: 0px; text-align: center;" src="https://pas.economist.com/view/2/39674/57851417e462c4aaa382616de415f6a6/2073369?ad_region=Africa&ad_country=Nigeria&send_date=10/04/2025&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/2073369?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=10/04/2025&segment=4-NG"> <img width="1" height="1" style="display: none;" alt="trk_px" src="https://pas.economist.com/extt/2/39674/0033z00002rl1PoAAI/2073369?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=10/04/2025&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=d3debf4e68e8fd207817b149c5c8c7481b3bbd04efb0b970f16b86cb83e383bafd9a802bfdc6c28d0d369d6d4b0e60c4b9c52dc4b251885f9e2f8fac470f1544" target="_blank"><img alt="An illustration depicting the environmental cost of AI. A lightning strike in the centre of the illustration with four boxes in each corner joined by a line to the lightning strike. Each box contains a weather symbol for example sunshine and rain." border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250412_PDP506.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=d3debf4e68e8fd207817b149c5c8c7481b3bbd04efb0b970f16b86cb83e383bafd9a802bfdc6c28d0d369d6d4b0e60c4b9c52dc4b251885f9e2f8fac470f1544" style="color:#e3120b; text-decoration:none;" target="_blank">Babbage </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=d3debf4e68e8fd207817b149c5c8c7481b3bbd04efb0b970f16b86cb83e383bafd9a802bfdc6c28d0d369d6d4b0e60c4b9c52dc4b251885f9e2f8fac470f1544" style="color:#121212; text-decoration:none;" target="_blank">Will AI help or harm the climate? </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=d3debf4e68e8fd207817b149c5c8c7481b3bbd04efb0b970f16b86cb83e383bafd9a802bfdc6c28d0d369d6d4b0e60c4b9c52dc4b251885f9e2f8fac470f1544" style="color:#121212; text-decoration:none;" target="_blank">Our podcast on science and technology</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"><!-- BLANK SPACE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 24px 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"><!-- BLANK SPACE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 24px 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"> <!-- CTA SIGN UP BLOCK --> <table role="presentation" style="max-width:600px;" width="100%" cellspacing="0" cellpadding="0" border="0" bgcolor="#ffffff" align="center"> <tr> <td class="econsans" style="padding:24px 16px 16px 16px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:16px; color:#121212; line-height:25px; text-align:left;" valign="top" bgcolor="#e0ebeb"> <p style="margin:0;"> Thanks for reading, Harmony. If you liked The Economist this week, please share it with a friend. 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