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Follow the latest impact of tariffs amid the president’s ongoing trade war

The US president has alternatives he can use to escalate his trade wars

It turns out that even conservative justices will only accept so many assaults on legal and constitutional norms

Christine Lagarde has pushed back against reports that she will step down from the ECB early

The risk of a lasting inflationary overshoot is now lower but the US’s fiscal path is likely to be more expansionary

Price pressures continued to rise according to the December PCE inflation data

Also in today’s newsletter: Trump’s Iran warning and Amazon’s AI coding bot

Government measures to lower energy costs explain the sharp slowdown in January’s headline inflation rate

Jakarta to drop 99% of import levies and buy more American energy and agricultural products

Also in this newsletter: Italy’s Olympics controversies

Data shows that our global financial system is plagued with serious but often ignored imbalances

Small interventions only have a small effect

Neel Kashkari hits out at Trump adviser who criticised research showing tariffs harm Americans

The FT’s economics commentator replied to reader questions

Fiscal discipline and structural reforms are paying off

New data show midsize companies are facing soaring duty bills as president seeks to quell backlash of his policies

Policy debate is held back by unresolved contradictions in how leaders understand the economic challenge

Also in today’s newsletter: Andrew Mountbatten-Windsor has been arrested and Accenture monitors staff’s AI use

Recep Tayyip Erdoğan’s government seeks to tackle grievances over living costs as Muslim holy month begins

The divergence between the British and American attitudes isn’t entirely justified