Commentary


Smaller Tariffs Will Still Hurt. Where We’ll Feel the Pain.

The trade truce will China may keep store shelves stocked, but 10% tariffs will still slow the economy, Erin McLaughlin and Yelena Shulyatyeva write in a guest commentary.

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Trump Has Europe Spending Again. Now It Needs a Leader.

Money alone won’t get Europe through its new crisis, Christopher Smart writes in a guest commentary.

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A Stable Tax Code Would Ease an Uncertain Economy

Progress in Congress would give relief from constant whiplash of tariffs, Daniel Bunn writes in a guest commentary.

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Asian Leaders See Right Through Trump’s Tariff Man Act

China smelled weakness. Other leaders will too, William Pesek writes in a guest commentary.

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The Fed Put a Safety Net Under the Global Dollar. Could Trump Undermine It?

Withdrawing the Fed’s swap lines would be a step toward ending dollar’s role as a reserve currency, Vincient Arnold writes in a guest commentary.

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Inflation Is Creeping Into the Labor Market. Tariffs Are a Worry.

Tariffs could inhibit labor churn, Noah Yosif writes in a guest commentary.

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Trump Has A Bold Vision for Artificial Intelligence. Tariffs Could Wreck It.

A handful of companies could make or break Trump’s AI plans, Reva Goujon and Ben Reynolds write in a guest commentary.

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China Talks Are Better Than Nothing, But Don’t Expect Much of a Thaw

There is little sign either side is ready to make significant concession, Brian P. Klein writes in a guest commentary.

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Trump’s Tariffs Are Unbelievable. Literally.

Never has a policy promised so much from so little, Benn Steil writes in a guest commentary.

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Why the Fed Should Cut Rates—Even in the Face of Tariffs

The bigger risk is in waiting too long, Gregory Daco writes in a guest commentary.

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One Down, Dozens to Go. Trump’s Tariff Talks Get Harder From Here.

Managing simultaneous negotiations will tax an underpowered negotiating tea, Christopher Tang writes in a guest commentary.

4 minute read

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Uncertainty Isn’t Going Away. Embrace It.

Recent jumps in indexes of stock and bond volatility are likely to be permanent, Harley Bassman writes in a guest commentary.

Long Read

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Trump Has Opened the Door to a New Saudi Oil-Price War

Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest commentary.

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Trump Can Recover from the Tariff Mess. Here’s the Pivot.

A few smart policy moves could put the economy on a path to growth, Glenn Hubbard writes in a guest commentary.

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We’ve Been Wrong About Inflation for Years. Fixing It Now Requires New Thinking.

The low-inflation era isn’t coming back, Mark Blyth writes in a guest commentary.

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As Financial Regulations Fall Away, Fund Directors Need to Step Up

Investors will be exposed to new risks, Carolyn McPhillips writes in a guest commentary.

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The U.S. Drug Supply is Vulnerable. Why Tariffs Are the Wrong Prescription.

Americans are likely to face shortages and rising prices while we want for production to move to the U.S., Geoffrey Joyce writes in a guest commentary.

4 minute read

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The Trump Shock Will Drive a Global Decoupling

It will be a leap into the unknown, Rabah Arezki and Tarik Youssef write in a guest commentary.

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Where MAGA Is Right—and Wrong—on Trade Deficits

Tariffs alone won’t fix the problem. There’s another culprit behind soaring trade deficits, Robert P. Murphy and Mark Spitznagel write in a guest commentary.

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Chinese Stocks Look Like an Opportunity Amid Trump’s Tariff Chaos

Once deemed ‘uninvestible,’ China’s markets are now starting to converge with the U.S., Eric Wong writes in a guest commentary.

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How Much Risk Lies in the Shadow Banking Sector? We Don’t Know.

Private credit funds may be more vulnerable to instability than we can assess, Sheila Bair writes in a guest commentary.

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Are We Getting International Prices All Wrong?

Price comparisons are ignoring the significance of time, Miglė Petrauskaitė and Erwin R. Tiongson write in a guest commentary.

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This Isn’t Your Usual Uncertainty. No One Can Predict Where the Economy Is Headed.

United Airline’s decision to issue dual guidance was courageous, Steven Weber writes in a guest commentary.

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Bessent Says He Wants Treasury Yields Down. Believe Him.

Investors know not to fight the Fed. They should take the Treasury seriously, too, Brij S. Khurana writes in a guest commentary.

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The U.S. Looks More Like an Emerging Market Every Day

The Fed, under pressure from Trump, should take a cue from South Africa, Mark Y. Rosenberg writes in a guest commentary.

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