Knocking heads: the limits of Trump's dealmaking

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  The Economist. Hi, John Pridough here.

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  I host Checks and Balance, our podcast on US politics.

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  Welcome to Editors Picks.

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  Here's an article from the latest edition of The Economist handpicked by our team and read aloud.

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  I hope you enjoy it.

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  With the right portfolio of assets,

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  property developers enjoy tremendous power over architects,

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  builders and potential tenants, yet even the richest have little leverage over arsonists.

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  That bricks and mortar framing is surprisingly helpful for understanding why America's next president is both right and wrong about his ability to reshape the global order.

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  the Telegram is willing to risk a prediction.

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  In his second presidency,

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  Donald Trump will wield tremendous power over allies and countries that profit from ties with America.

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  With adversaries ready to burn relations with the West to the ground,

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  his grip will be less sure.

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  Mr Trump sounds confident that he has leverage on all fronts.

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  Big economic partners, whether that means Canada, China, the European Union or Mexico,

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  have been warned to brace for tariffs on their exports,

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  followed by calls to renegotiate terms of trade with America.

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  At the same time, Mr Trump has pledged to end Russia's war with Ukraine within 24 hours.

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  He has warned Hamas to release hostages taken in Israel on October 7th, 2023,

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