The president's long-awaited tariff announcement, which marks a middle ground between competing approaches he weighed in recent weeks, could reorient the global trading system for decades.

In other words: He blinked. The massive surge in long-term Treasury yields has served as another example of strange trading action in the aftermath of Trump's tariff-fueled "Liberation Day." ...

In this century, no U.S. President’s polling has fallen off as sharply as Trump’s. Here are the people who we believe most changed the stories that defined the past year. Subscribe now to get ...