And meet the robot butler.
Trump team defends tariffs despite anger
President Trump's top aides took to various media outlets yesterday to defend his global tariffs, which went into effect over the weekend. Some said they had already heard from foreign countries eager to strike a deal. His top economic advisers shrugged off the turmoil in financial markets around the world, insisting that the trade war would ultimately improve America's economic fortunes.
Like Brexit, Trump’s tariffs have dealt a devastating blow to the established order, writes Mark Landler, our London bureau chief, in his analysis. But the US’s position as the linchpin of global trade means that Trump’s actions have a much wider impact. And like Brexit, the ultimate impact is uncertain: Trump could yet change his mind. And the EU, as optimists point out, has not collapsed after Britain left.
But more importantly, economists said the rise of free trade could prove irreversible, and its benefits so powerful that the rest of the world could find a way to preserve the system even without its main player.
What's next: Tariffs have come in much higher than expected, throwing corporate America into chaos. We asked economists, investment researchers and other experts to help us understand what's coming. Wall Street, still reeling from the effects of last week, is bracing for more chaos.
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Follow Trump's actions since he took office.
