The latest US trade probes are designed for a specific political purpose - to reclaim lost leverage following the striking down of the “Liberation Day” tariffs, says Kevin Chen from the S Rajaratnam School of International Studies. SINGAPORE: As the war in Iran enters its third week, many economic observers have understandably been focused on the situation surrounding the Strait of Hormuz. However, it is arguable that an equally significant storm is brewing in Washington. The United States