Will Retaliation Work for Europe? It’s a Gamble.

The European Union is responding to President Trump’s sweeping trade war with a handshake and a punch: It is promising the administration potential wins while also preparing its own retaliatory tariffs on American products starting next week. The questions are whether the enticements are enough, and whether a show of strength could backfire. “Europe can…

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Belgian Prince Seeks Pension Benefits

For attending galas, cutting ribbons and meeting diplomats, a Belgian prince takes home a royal allowance of 100,000 euros, nearly $110,000, a year. But what will happen when he stops working? For that, Prince Laurent of Belgium is seeking government benefits. A court this week agreed in part, recommending that the country’s lawmakers consider drawing…

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Is Trump Having a Liz Truss Moment?

A major Western leader announces an unorthodox economic policy, panicking the financial markets, driving down the country’s currency and fueling a blizzard of warnings about the dire long-term consequences. President Trump did all this with his across-the-board tariffs, announced last week, but before him, there was Liz Truss, Britain’s former prime minister, with her rollout…

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