The damage wrought by Donald Trump’s tariffs is real—yet the rupture never quite came. In some ways, trade has strengthened https://www.economist.com/finance-and-economics/2026/04/01/liberation-day-has-reshaped-trade-but-not-as-donald-trump-hoped?taid=d1c68eae-7b26-407d-9a29-21bd549dc7e2 Illustration: Simon Bailly