Will global trade ever be the same? In the name of "unrelented economic warfare" allegedly waged by friend and foe alike against the United States, Donald Trump is unveiling a dizzying list: worldwide tariffs, targeted tariffs, retaliatory tariffs, carve-outs, exceptions, all leading to confusion. Trump also signed an executive order ending duty-free shipments of small-value packages from mainland China and Hong Kong; a major blow to e-commerce companies.

Will this mark the end of the consumer-driven model that’s gone into overdrive since Beijing joined the World Trade Organization in 2000? Wither the cheap goods that flood the four corners of the Earth?

The Chinese, like the Europeans, are mapping their response as rivals renew dialogue. In the case of China, it's also testing Washington’s resolve, as evidenced by bigger-than-ever military drills around Taiwan. Taiwan is also the target of hefty Trump tariffs.

Produced by François Picard, Rebecca Gnignati, Juliette Laffont, Ilayda Habip.