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Unsound the alarm
David Goldman assesses that while the Trump administration has thus far avoided global financial disruption by backing off from extreme tariff measures, the deeper concern lies in the international financial system’s growing vulnerability to dollar-based hedging.
Putin open to negotiations, but mistrust persists
James Davis analyzes how political developments have overtaken military dynamics in the Russia-Ukraine conflict, with Moscow remaining skeptical of US resolve and unwilling to give up battlefield momentum in exchange for what it considers hollow assurances.
Trump’s retreat vindicates China’s strategy of self-reliance
Scott Foster analyzes the market relief following a significant de-escalation in US-China trade tensions and suggests Trump’s attempted “economic liberation” only strengthened China’s resolve to decouple and replace foreign suppliers with domestic producers.