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liberation day

​An American flag flutters over a ship and shipping containers at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025.
GZERO North

Art of the backdown

Donald Trump’s supporters like to tout his 1987 book, The Art of the Deal, when they discuss his trade gamesmanship, but, a month after “Liberation Day,” it is getting harder for them to convince skeptical Americans that he is winning more than they are losing.

The Graphic Truth: The foreigners who hold US debt
Economy

The Graphic Truth: The foreigners who hold US debt

Foreign investors who are unnerved or upset by Donald Trump's trade policies have a nuclear option: but is it viable?

Trump's tariffs & the end of globalization
Quick Take

Trump's tariffs & the end of globalization

Overnight, the US moved to having the world’s highest tariffs by a long margin. Here is Ian Bremmer's Quick Take on the near and long-term fallout

Trump & Elon's grand plan to liberate you EVEN MORE
Puppet Regime

Trump & Elon's grand plan to liberate you EVEN MORE

Trump is worried that Liberation day was a flop. Elon Musk has some ideas for how to make it Great Again. #PUPPETREGIME

President Donald Trump
What We're Watching

Trump’s tariff plan to take effect

T-Day has arrived. Donald Trump’s reciprocal tariffs on US trade partners will take effect immediately after a Rose Garden announcement, which is set to begin today at 4 p.m. ET.

President Donald Trump speaks from the Oval Office flanked by Commerce Secretary Howard Lutnick on the day he signed executive orders for reciprocal tariffs, Feb. 13, 2025.
News

Opinion: Searching for signals on ‘Liberation Day’

Details of a group chat between senior administration officials that leaked last week – the so-called Houthi PC small group – provide allies, adversaries, and watchers with revealing insights into the administration’s foreign policy blueprint. Lindsay Newman explores the takeaways.

President Donald Trump holds an executive order about tariffs while flanked by Commerce Secretary Howard Lutnick in the Oval Office on Feb. 13, 2025.
Viewpoint

Viewpoint: What to expect from Trump’s tariff “Liberation Day”

Donald Trump argues that any short-term pain from his global tariffs will translate into long-term gain as businesses move their operations to the US. He plans to announce a sweeping new round of tariffs on April 2. We asked Eurasia Group expert Nancy Wei what to expect from what Trump is billing as a “Liberation Day” from an unfair global trading system.