In the latest episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing addresses the White House announcement of higher tariffs on Chinese goods and what that signals about the direction of the global economic system. He also reviews the latest US inflation data and explains what to expect from the coming week’s UK CPI release. Chief Markets Economist John Higgins is also on the show, talking to David Wilder about this month’s recovery in US equities, our no longer out-of-consensus 2024 and 2025 forecasts and what to look for before the market bubble finally bursts.  And there’s more on those China tariffs, with an exclusive clip from our client briefing about how Europe could respond to Chinese EV imports and whether higher US tariffs will lead to a further reordering of global trade flows.