Many countries are ‘quiet quitting’ the US and China on trade (opens in new tab)

As US President Donald Trump rebuilds the tariff wall the country’s Supreme Court knocked down, the headlines fixate on each individual block. With the global 10 per cent tariff initially levied in response expiring on July 24, the Trump administration is preparing to replace it by imposing Section 301 tariffs on 60 economies for not doing enough to keep forced labour out of their supply chains. The next tariff announcement will target 16 economies over alleged “structural excess capacity”...