A blindfold, a spin and a new U.S. trade policy. Learn to live with it

News Snapshot:

Open this photo in gallery: (L-R) White House Press Secretary Karoline Leavitt and U.S. Secretary of Treasury Scott Bessent speak to the press outside the West Wing of the White House on April 9.SAUL LOEB/AFP/Getty Images This was the plan all along, U.S. Treasury Secretary Scott Bessent said after President Donald Trump backed down on a large part of his global tariffs. For a long time, people – including foreign officials and financial-market wizards – have wondered precisely what game Mr. Trump is playing. Is he really out to radically change the global trading system and force countries to pay,...