As Trump’s tariffs take effect, the rest of the world seeks mercy

Finance & economics | Courting chaos

Photograph: Getty Images

Apr 8th 2025|Delhi, Singapore and Tokyo

COURTING THE tariff king is a tricky business. There are no rules, no obvious channels through which to reach him and no guarantee that anyone, apart from the man himself, can make a deal. Maros Sefcovic, the EU trade commissioner, spent hours talking with Jamieson Greer and Howard Lutnick, two of the president’s advisers, yet came away empty-handed. Neither has the authority to cut a deal. “We have offered to negotiate,” says an EU official, “but Greer and Lutnick don’t have a mandate yet. It’s all up to POTUS.”

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