The Unwelcoming States of America - The Economist Volume 460 Number 9514

Aug 29, 2026

The Economist examines how U.S. policy under Donald Trump is shaping national strength, focusing on immigration enforcement and its shifting effectiveness. It reviews repercussions for Canada and the wider North American economy, including risks of escalating trade conflict and the strains around debt and macroeconomic management. The issue also surveys themes across the Americas, Asia, China, culture, business, and finance, pairing briefings and analysis with data-driven context and market perspectives.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages96

Reading Time4 h 2 min

AccessFree to download

A summary of political and business news

The Unwelcoming States of America

Bessent's bond-market misadventures

Canada and America: Avoiding a trade war

America's deportation machine

Charlemagne: Grand Tour redux

Britain

The Americas

Asia

China

Culture

Business

Economic & financial indicators

Obituary

TheEconomist The Unwelcoming States of America ORTHODOXCREATESPARADOX. In an ever-changing world,accepted wisdommight not be enough to get you there.That's whywe embrace new thinking,give straight answersand take bold action.To give our clients new andbetter ways of reaching their goals. We find our edgeat the edge of what's possible. Mshcon de Reya It's business.But it's personal. Business|Disputes |Innovation |Private |Real Estate Contents On the cover By trying to change itsdemographic trajectory,DonaldTrump will make America weaker:leader,page 7.His deportationmachine is now quieter,but moreeffective:briefing,page 14.Whatwill his high-tech border wallachieve?Page 30.The economicconsequences of zero netmigration,page 60 Bessent's bond-market misadventures America will regret thetreasury secretary's market meddling:leader,page 8. He is also making trouble for the Fed,page 57 Carney v Trump Canada'sprime minister must defuse atrade war not of his making:leader,page 8,and analysis,page 36 ASino-American tug-of-law Obeying an American law canmean breaking a Chinese one.Multinationals beware:leader,page 10.Like America,Chinawants its laws to applyeverywhere,page 43 The world's most famousbookshop Shakespeare andCompany is turning 75.Is itssuccess replicable?Page 68 →Download The Economistsapp for articles,podcasts,videos and more,publishedthroughout the week. 5 A summary of politicaland business news 7 The Unwelcoming Statesof AmericaKeep out 8 Canada and AmericaAvoiding a trade war8 Uncle Sam's debtsBlood and Treasuries9 America and IranDamp squib or cunningretreat?10 ASino-Americantug-of-lawTwo long arms 12 On Daron Acemoglu,aresponse to ProfessorAcemoglu,safetywarnings in China,fengshui 13 Ciaran Martin on theexaggerated cyber-threatfrom AI Briefing 14 America's deportation machine Donald Trump's war on immigrants CharlemagneGallivanting EUpoliticians reveal wherepower really lies inEurope,page 21 17 Melonigoes the distance18 Black Sea grain wars19 Surprise solar champion19 Booze battles20 Snowless Alps 21 Charlemagne Grand Tourredux Britain 22 The lure of factories23 Steelyard blues24 Harry and Meghan25 Bagehot Wanted:betterbillionaires 26 America's threats andIran's defiance27 The fearsome Houthis28 Africa's tycoons29 Ant-smuggling 30 The border wall32 Trump's naval obsession32 Reviving factory work33 Crustaceans and tariffs35 Lexington The politicsof Ohio The Americas 36 Carney's contradiction37 America in Panama38 Chile's mummy problem Contents Asia 39 Australia's Pacific pals40 AI and Asian governments41 The BJP in West Bengal41 Disaster in Nepaland Tibet42 Ashoka High-rises inIndia 57 Bessent vbond markets58 Russia weakens the rouble59 An Indian bank subsidy60 China's contrarian squeeze60 Deportation economics62 Buttonwood What makesa great investor?63 Free Exchange Tax breaksfor charity China 43 The state's long arm44 Film-going frenzy46 Chaguan Women's woesat work 64 Swamplands of theuniverses 65 Salmon and the ice age66 SpaceX's giant spaceport67 Ukraine's war balloons67 Well Informed Avaccinefor cancer? 47 Religion vAI49 The Telegram Trump'svengeance Culture 68 The world's mostfamous bookshop69 Wile E.Coyote70 Back Story Death lessons71 Loving Dolly Parton71 The Philippines and tennis72 World in a dish THCdrinks Business 50 China's robot training51 Shein's fall52 Bartleby The powerof agency 53 In defence of big business53 Meta settles in court54 America's pretzel belt55 Schumpeter Apollo'ssuccession Economic &financial indicators73 Statistics on 42economies Obituary 74 Frank Smith,possibly the longest-serving prisoner inAmerican history Subscription service To manage your account online,please visitmyeconomist.com where you can also accessour live chat service which is available 24/7To call us,contact our dedicated service centreon+44(0)2038686843. Volume 460 Number 9514 For our full range of sub

FAQs

What argument does the issue make about the U.S. under Trump’s demographic and immigration approach?

It argues that attempts to reshape America’s demographic trajectory will weaken the country, while describing Trump’s deportation push as quieter yet more effective.

How does the issue connect U.S.-Canada tensions to the risk of a trade war?

It highlights Canada’s need to defuse a trade war not of its making, alongside commentary on the broader dispute dynamics between the two countries.

What finance and market topics are covered in this issue?

It discusses Treasury secretary market meddling and related trouble for the Fed, and includes sections on investor principles and statistics across multiple economies.

Aug 29, 2026

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