It is something of a paradox that Donald Trump, one of the most vocal critics of the G7, should be lobbying Western leaders to attend next month’s meeting of the group in person rather than virtually.

The coronavirus pandemic is only the latest storm to buffet globalization, but it could be the most potent force yet in reversing the post-Cold War era of open markets and borders.

US President Donald Trump has threatened to “cut off the whole relationship” with China, fueling concerns of a new Cold War, but that historical analogy is far from perfect to describe the growing tensions between the two superpowers.

Just as Europe gets over the peak of the coronavirus crisis, a second major shock could be on the horizon. As a new Brexit crisis brews between London and Brussels, talks could collapse in May or June.