The new U.S. tariffs rattling markets and promising globe-spanning trade barriers reflect a fixation of President Trump’s: the difference between how much stuff the U.S. buys from and sells to each of ...

• 3-month U.S. dollar Libor has increased by 0.2% over the past two months, which carries almost the same impact as a full rate hike, even though the Fed has not raised rates since ­December 2015. • ...