Donald-25: the new virus that’s devastating the world economy

Number of passengers flying to the US plunging, ships full of goods halted, price rises and employee lay-offs … it’s not Covid, it’s Trump’s tariff pandemic

It is five years since the world economy suffered a devastating shock caused by a virus from China. You may think the analogy strange, but we are marking the fifth anniversary of the Covid-19 pandemic with a very similar shock to the world economy, which is manifesting itself in very similar ways.

Numbers of passengers flying to the US from abroad have p…