Plus, what the market fallout means for all corners of Wall Street — for private equity, private credit and dealmaking

Claudia Sheinbaum, a former climate scientist, explores shale to ease dependence on unpredictable American president

Consultants are helping clients lower the customs value of imports to cut the cost of Donald Trump’s levies

Beijing and Washington swap warnings of additional trade retaliation as markets rebound in Asia

Also in this newsletter: southern states’ anxiety about delimitation, and Harshjit Sethi’s mantra

10-year Treasury yields jump most in almost three years

Investors continue to assess tariff risks after heavy sell-off last week

Head of world’s biggest asset manager says market ructions are ‘impacting Main Street’

Journalists really need bulletproof BS meters right now

Darren Woods’s package tops that of sector’s rivals as the gulf between transatlantic competitors widens

Those with the president’s ear must urge him to change course on tariffs

BoE governor set to serve three-year term at Financial Stability Board from July

The concern now among bankers and hedge fund managers is that something, somewhere could break

US president sticks with plan to ‘reset’ global trade but sends mixed signals about negotiations

Trump welcomes fall in oil price as he signals he is pushing ahead with sweeping tariffs

The fallout from ‘Liquidation Day’

If global long-only funds start to rotate out of risk the market, turmoil could get worse

And a warning from Canada’s job numbers

Plus, Fink warns on protectionism, US junk bonds sell-off, and the Dolce Vita Orient Express