The U.S.’ expanded tariffs under the second Trump administration are reshaping global supply chains by imposing steep, targeted duties and pressuring Asian economies to invest in American production. As manufacturing shifts away from China and its neighbors, countries like Mexico may benefit, while India risks being left behind.

The U.S. president’s policies have fueled deglobalization and disrupted the existing international order, but they have also pushed countries around the world to explore new models of cooperation and foster new approaches to trade.

In the high-tech center of the world, technology and capital are moving from merely lobbying Washington to reshaping it, a trend that poses ongoing challenges to the structure of political power in the United States.

While Washington continues to dress up its economic strategy as innovation-driven and market-oriented, the passage of the so-called GENIUS Act suggests the emergence of a desperation, leading to the reckless engineering of systemic financial instability under the guise of modenisation. By enabling U.S. Treasuries to be used to underpin the issuance of so-called stablecoins, the new laws create a synthetic loop of leverage, which could threaten the very stability of the American and global financial systems.

Trump’s ‘America First’ protectionist tactics are supposed to create advantages for the U.S. in trade and freeze out China in theory, but expect that the world needs America’s consumers to continue. New connections forming amid the trade war could mean instead, the U.S. is left out in the cold.

If the United States can adapt flexibly and prioritize consensus with its trading partners, it may solidify its economic dominance. Otherwise, persistent high tariffs risk deepening global trade fragmentation and will challenge America’s long-term influence.

Washington is now piling up debt even in the absence of an emergency. In the long run, this sort of quick fix, where the cure is worse than the disease, will only worsen America’s economic fragility and add to uncertainty.

After a public split with Donald Trump over the “Big Beautiful Bill,” Elon Musk launched the America Party in an effort to challenge the U.S. two-party system. While his shifting stance on China adds strategic ambiguity, the party serves as a stress test for American democracy in an era of polarization and gridlock.

The honeymoon between Elon Musk and U.S. President Donald Trump ended with a war of words on social media. In his six months in the White House, Musk came to see big differences between his own political philosophy and that of die-hard Trump fans.

There is an inherent flaw in US President Donald Trump’s trade policy. While it is all but impossible to know where Trump will settle on most issues – from taxes to immigration – two key objectives of his trade strategy are now coming into focus: setting a global minimum tariff, and imposing a special penalty on China. The flaw lies in the combination.