Stockmarkets do not reward firms for investing in Trump’s America
The perils of reshoring

What do the following three companies have in common? Stellantis, owner of the Fiat, Jeep and Chrysler brands; Merck, which makes the world’s bestselling cancer drug; and Barry Callebaut, a Swiss chocolate-maker, which is particularly proud of its ruby flavour, neither sweet nor bitter.
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This article appeared in the Finance & economics section of the print edition under the headline “Reshoring ain’t reassuring”

From the April 19th 2025 edition
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Which countries most love working from home?
And what has it done to their economies?

America is turning away China’s goods. Where will they go instead?
South-East Asia is exposed to both Chinese import competition and American ire

Can the euro go global?
With the dollar faltering, European policymakers have an opportunity
Poor countries would miss King Dollar
Even though they normally like a weaker greenback
Hell is other people’s currencies
As the Trump administration may soon find out
How Trump might topple the dollar
For the first time in many decades, the greenback looks vulnerable