“The series of economic and financial developments on Friday was a strange, bewildering, exhausting microcosm of why the global economy is at risk of a meltdown,” the New York Times reports. “It showed the odd interplay at work between the Chinese government’s actions in the escalating trade war with the United States, the sober-minded global central bankers who have limited power to deploy and an American president whose public pronouncements often appear driven by grievance more than strategy.” “President Trump arrives in France on Saturday for a meeting of the Group of 7 industrialized nations, having set the stage for fireworks and confusion.