The Trump administration’s trade war has prompted chaos and countermeasures across the globe, but a potent counterattack has emerged in the courts in recent weeks — and in the long run, it could fatally undermine Trump’s unprecedented global tariff regime.

The following day, purchasing manager indexes from Japan to Europe to the US will offer the first coordinated glimpse of manufacturing and services activity since Trump’s global tariffs — now partly on hold — were unleashed on April 2.

Trump's tariff policy could push the nation into a recession, with rising unemployment, bankruptcies and more. These warning signs bear watching.