So many of us have been yanking at our hair, or just standing around, slack jawed, as we’ve watched sharemarkets collapse and the chance of a recession barrel towards us - all as a result of Donald Trump’s tariffs. But to focus on the economic chaos is to miss the larger domino effect that’s been taking place in the background, as countries begin scrambling for a safe harbour.

Today, international and political editor Peter Hartcher, on the “surreal” moment Australia now finds itself in. And how so-called “rare earths” are at the center of it all.