The Economist's editor-in-chief, Zanny Minton Beddoes, calls President Trump's tariffs the biggest trade policy shock in history. The sweeping tariffs, impacting goods from various countries, create economic uncertainty and higher consumer prices. While the administration's motives remain unclear – possibly re-industrialization or negotiation leverage – Beddoes warns of potential retaliation and a damaging economic war. She views the tariffs as a move away from global cooperation, potentially benefiting China.

Prepared by Christopher Adams and reviewed by editorial team.