Let’s hope the administration understands the limits of its high-risk tactics and is closely monitoring the potential for spillovers. Vulnerable economies may not be the only ones disciplined by financial markets.

The U.S. has now reached the point where the third Administration in a row is fighting wars where the U.S. often scores serious tactical victories and makes claims that it is moving toward some broader form of victory but cannot announce any clear strategy for actually...

On July 25, President Donald Trump met Jean-Claude Juncker, the European Commission president, to diffuse an escalating trade war. They agreed to work towards zero tariffs, zero non-tariff barriers, and zero subsidies. 

At the Belt and Road Forum in Beijing in May 2017, Chinese President Xi Jinping attempted to reassure the world that his trillion-dollar Belt and Road Initiative (BRI) was not a scheme for world domination, but instead a responsible plan to foster prosperity across Asia,...